MicroStrategy Reports $102.6 Million Q2 Loss, Expands Bitcoin Holdings to 226,500 BTC

Despite significant financial loss, the company continues to invest heavily in Bitcoin, reflecting its long-term commitment to the cryptocurrency.

MicroStrategy's net loss for Q2 2024 was $102.6 million, a stark contrast to the $22.2 million income from the previous year.
The company's Bitcoin holdings increased to 226,500 BTC, valued at approximately $14.4 billion at current prices.
An impairment charge of $180.1 million was recorded against the Bitcoin holdings, contributing to the overall loss.
Revenue from subscription services rose by 21% year-over-year, reaching $24.1 million.
MicroStrategy executed a 10-for-1 stock split to make its shares more accessible to investors and employees.