MicroStrategy Takes $24M Q2 Charge on Multibillion-Dollar Bitcoin Haul

“Our bitcoin holdings increased to 152,800 bitcoins as of July 31, 2023, with the addition in the second quarter of 12,333 bitcoins being the largest increase in a single quarter since Q2 2021,” said Andrew Kang, Chief Financial Officer, in a statement. “We efficiently raised capital through our at-the-market equity program and used cash from operations to continue to increase bitcoins on our balance sheet. And we did so against the promising backdrop of increasing institutional interest, progress on accounting transparency, and ongoing regulatory clarity for bitcoin.”

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• Source: https://www.coindesk.com/business/2023/08/01/microstrategy-books-impairment-charge-of-241m-on-massive-bitcoin-holdings-in-q2/?utm_medium=referral&utm_source=rss&utm_campaign=headlines