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MicroStrategy Reports Q2 Results: Holds 226,331 Bitcoin Worth $8.329 Billion
MicroStrategy Incorporated (NASDAQ:MSTR) shares are up slightly after the company reported its second-quarter financial results Thursday. Here's a look at the details from the report.
Quarterly losses of $5.74 per share, missing the analyst consensus estimate of losses of 11 cents.
Quarterly revenue came in at $111.4 million, missing the analyst consensus estimate of $122.6 million by 9.14% — a 7.48% decrease from the same period last year.
As of June 30, the carrying value of the company’s digital assets (comprised of approximately 226,331 bitcoins) was $5.688 billion.
Cumulative impairment losses hover $2.6 billion since acquisition and an average carrying amount per Bitcoin (CRYPTO: BTC) of approximately $25,131.
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