Bitcoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/microstrategys-bitcoin-holdings-latest-acquisition-and-q2-2023-performance/">Microstrategy’s Bitcoin Holdings: Latest Acquisition and Q2 2023 Performance</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Michael Saylor’s MicroStrategy announced that they are back in business by selling big BTC holdings. Tuesday’s<a href="https://www.microstrategy.com/en/investor-relations/press/microstrategy-announces-second-quarter-2023-financial-results_08-01-2023" rel="noopener noreferrer nofollow"> earning report</a> showed a 200% year-to-date increase in the company’s stock value, putting it closer to its 52-week high of $478. Despite the positive sentiments, the stock dropped after the earnings announcement, indicating investors’ concern.</p> 
<h2 id="q2-2023-how-did-microstrategy-impress-investors" data-name="q2-2023-how-did-microstrategy-impress-investors" class="wp-block-heading"><strong>Q2 2023: How Did MicroStrategy Impress Investors?</strong></h2> 
<p>In a post on Platform X, Michael Sailor <strong>revealed</strong> that MicroStrategy now as of July 31 has 152,800 bitcoins, 467 more than in June. Chief financial officer Andrew Kang noted that the second quarter’s 12,333 bitcoin increase was the most since the second quarter of 2021.</p> 
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   <p lang="en" dir="ltr">In July, <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@MicroStrategy</a> acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC. Please join us at 5pm ET as we discuss our Q2 2023 financial results and answer questions about the outlook for <a href="https://twitter.com/hashtag/BusinessIntelligence?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BusinessIntelligence</a> and <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/SCHeBJ80TH" rel="noopener noreferrer nofollow">https://t.co/SCHeBJ80TH</a></p>— Michael Saylor 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1686468084574412800?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 1, 2023</a> 
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<p>The reports further suggest a whopping $4.53 billion, or an average of $29,672 per bitcoin, has been spent by the corporation to purchase these bitcoins. However, as of writing, Bitcoin currently hovering around $29,000, which is an increase of more than 27% over this time last year.</p> 
<p>On a similar occasion in June last year, the company bought more than 13,000 bitcoins, as reported in a filing. Whereas, in the recent earnings report, MicroStrategy included an impairment charge of $24.1 million on its digital assets for the Q2 of 2023, compared to $917.8 million in the same quarter of the previous year.</p> 
<p>While everyone is excited by the company’s move, Dan Weiskopf, co-portfolio manager of Amplify Investments’ Transformational Data Sharing Exchange Traded Fund, argues that only a select few companies and traders are set up to benefit from revenue growth brought on by AI. But he also said that Microstrategy could be an exception. However, more clarity is required.&nbsp;</p>

Microstrategy’s Bitcoin Holdings: Latest Acquisition and Q2 2023 Performance

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