Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>MicroStrategy added 12,222 BTC in Q2, totaling over $800 million in Bitcoin holdings.</li>
 <li>The firm plans to invest an additional $2 billion in BTC, a potential 15% increase in its investment.</li>
</ul>
<p>MicroStrategy recently disclosed its acquisition of $11 million in <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> in July. This addition brings its Q2 acquisition to 12,222 BTC, valued at over $800 million.</p>
<p>The company currently holds a total of 226,500 BTC, which cost them $8.3 billion.</p>
<h2 id="successful-q2-btc-strategy">Successful Q2 BTC Strategy</h2>
<p>Phong Le, president of MicroStrategy, labeled their Q2 BTC strategy as “successful,” noting a 70% increase in market value for the firm’s holdings.</p>
<p>MicroStrategy is planning to add approximately $2 billion worth of BTC to its holdings, a potential 15% increase. This acquisition is expected to be made with equity capital.</p>
<h2 id="microstrategy-s-btc-holdings">MicroStrategy’s BTC Holdings</h2>
<p>MicroStrategy’s BTC holdings currently have an unrealized profit of over $7 billion, according to CryptoQuant data. Despite their significant investments in BTC and improved strategy in Q2, the firm reported a net loss of $200 million over the same period.</p>
<p>The company’s Q2 earnings report also stated that the digital asset holdings experienced a loss of $180 million due to a significant market downturn during the same period.</p>
<p>MicroStrategy’s stock, MSTR, remains above $1500 despite a recent sell-off and a significant BTC drop to $62k on August 1st.</p>
<p>Year-to-date (YTD) performance shows MSTR at 120% compared to BTC’s 45%, indicating that MicroStrategy investors have seen better returns than those directly exposed to BTC.</p>

MicroStrategy Targets Additional $2B In Bitcoin Following $800M Acquisition in July

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CoinEagle.com

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