MicroStrategy reported a net loss of $102.6 million in the second quarter, with Bitcoin holdings rising to 226,500 coins
ChainCatcher news, MicroStrategy announced its second-quarter financial report, with a net loss of $102.6 million for the second quarter. Total revenue for the second quarter of 2024 was $111.4 million, with a loss of $200 million, compared to a loss of $26.7 million in the same period last year.
In terms of digital asset investments, MicroStrategy stated that the company acquired an additional 169 BTC in July for $11.4 million, bringing its total Bitcoin holdings to 226,500 BTC, valued at approximately $14.7 billion.
According to MicroStrategy, the average purchase price per Bitcoin is $36,821. Since the beginning of the second quarter of 2024, MicroStrategy reported that it has acquired 12,222 Bitcoins for $805.2 million.
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