CoinDesk·3 min read·medium
Strategy books $8.2 billion second quarter loss on bitcoin price decline
K
Krisztian Sandor
✦AI Summary
MicroStrategy reported an $8.2 billion second-quarter loss primarily due to unrealized markdowns on its massive bitcoin holdings. Despite the loss, the company is adjusting its strategy by selling a small portion of its bitcoin to fund operations and maintaining a $3.75 billion cash reserve to cover debt obligations.
The quarterly loss was driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting.
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