MicroStrategy reported a net loss of $102.6 million in the second quarter, and its Bitcoin holdings increased to 226,500 coins.

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ODAILY
08-02
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Odaily Odaily News MicroStrategy announced its second-quarter financial report, with a net loss of $102.6 million, or $5.74 per share, in the second quarter, compared with revenue of $22.2 million, or $1.52 per share, in the same period last year. The loss was due to the company's provision of $180.1 million for its Bitcoin holdings, compared with $24.1 million in the second quarter of last year. The report showed that as of July 31, MicroStrategy held 226,500 bitcoins, an increase from mid-June. The acquisition price of 226,500 bitcoins was $8.3 billion, an average of $36,821 per coin. At the current price of $63,500, these assets are worth approximately $14.4 billion. The company said that its "BTC yield" so far this year is 12.2%, and its goal for the next three years is to reach 4% to 5% per year.

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