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<ul> 
 <li>MicroStrategy’s Q2 2023 reveal the company’s total bitcoin holdings.</li> 
 <li>The brand is now in possession of 152,800 BTC.</li> 
 <li>The new MicroStrategy ONE platform, commits to expanding bitcoin holdings.</li> 
</ul> 
<p>MicroStrategy, the largest independent publicly-traded business intelligence company, has released its financial results for the second quarter of 2023. The company reports acquiring an additional <a href="https://cryptonewsland.com/microstrategy-will-make-or-break-history-with-its-bitcoin-investment-strategy/" target="_blank" rel="noopener noreferrer nofollow">12,800 bitcoins during the quarter for $361.4 million</a>, bringing its total bitcoin holdings to 152,800 with a total cost of $4.53 billion.</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>Despite ongoing macroeconomic headwinds, MicroStrategy recorded total revenues of $120.4 million for the quarter, a 1% decrease year-over-year. However, the company saw a 42% increase in Subscription Services Revenues, amounting to $19.9 million.</p> 
<p>MicroStrategy’s President, Phong Le, highlights the importance of their new MicroStrategy ONE platform. In detail, the platform integrates business intelligence and <a href="https://cryptonewsland.com/michael-saylor-even-ai-cant-hinder-bitcoins-surge-to-80-market-dominance/" target="_blank" rel="noopener noreferrer nofollow">artificial intelligence to enhance organizations’ operations</a>.</p> 
<p>Meanwhile, Andrew Kang, the Chief Financial Officer, emphasizes their commitment to increasing bitcoin holdings and raising capital efficiently through their equity program.</p> 
<p>In addition, the <a href="https://www.microstrategy.com/en/investor-relations/press/microstrategy-announces-second-quarter-2023-financial-results_08-01-2023" target="_blank" rel="noopener noreferrer nofollow">financial report</a> reveals that the company’s gross profit for the quarter was $93.3 million, representing a gross margin of 77.5%. The loss from operations for the quarter was $26.7 million, compared to a loss of $918.1 million in the same period last year.</p> 
<p>Regarding their bitcoin holdings, the carrying value of their digital assets was $2.323 billion as of June 30, 2023. The company’s original cost basis and market value of bitcoin were $4.519 billion and $4.625 billion, respectively. This leaves an average cost per bitcoin of approximately $29,668 and a market price per bitcoin of $30,361.51.</p> 
<p>MicroStrategy also announced a Sales Agreement with Cowen and Company, LLC and Canaccord Genuity LLC to issue and sell shares of its class A common stock up to $625.0 million.</p> 
<p>The company believes that its non-GAAP financial measures, excluding share-based compensation expenses and non-cash items, provide better insights into its business performance. Lastly, management aims to grow the enterprise analytics software business while holding bitcoin as a dependable store of value.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
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 <li><a href="https://cryptonewsland.com/microstrategy-stock-outperforms-big-tech-grows-121/" rel="noopener noreferrer nofollow">Microstrategy Stock Outperforms Big Tech, Grows 121%</a></li> 
 <li><a href="https://cryptonewsland.com/microstrategy-announces-299m-loss-remains-bullish-on-bitcoin/" rel="noopener noreferrer nofollow">MicroStrategy Announces $299M Loss, Remains Bullish on Bitcoin</a></li> 
 <li><a href="https://cryptonewsland.com/microstrategy-buys-242-9m-worth-of-bitcoin-golden-cross-soon/" rel="noopener noreferrer nofollow">MicroStrategy Buys $242.9M Worth of Bitcoin. Golden Cross Soon?</a></li> 
 <li><a href="https://cryptonewsland.com/microstrategy-ceo-not-selling-btc-rumors-untrue/" rel="noopener noreferrer nofollow">MicroStrategy CEO: Not Selling BTC, Rumors Untrue</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-mining-machine-makers-say-2023-q1-will-be-better/" rel="noopener noreferrer nofollow">Bitcoin Mining Machine Makers Say 2023 Q1 Will Be Better</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/microstrategy-report-reveals-its-152-8k-btc-holding-worth-4-53b/">MicroStrategy Report Reveals Its 152.8K BTC Holding Worth $4.53B</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

MicroStrategy Report Reveals Its 152.8K BTC Holding Worth $4.53B

Crypto News Land

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