Bitcoin

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<ul class="news-points"> 
 <li><strong>Bitcoin halving powers BTC purchases, with MicroStrategy buying 12,333 BTC worth $347 million.</strong></li> 
 <li><strong>BlackRock owns 6% of MicroStrategy, purchased at over $150 million.</strong></li> 
 <li><strong>MicroStrategy’s digital asset impairment losses are due to the decrease in Bitcoin’s price compared to its acquisition cost.</strong></li> 
</ul> 
<p>The upcoming <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" rel="noopener noreferrer nofollow">Bitcoin</a> halving has encouraged a wave of BTC purchases across all crypto institutions. According to reports, Michael Saylor’s MicroStrategy bought 12,333 BTC, worth $347 million, between April and June. However, an investment giant can also profit from this purchase.</p> 
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   <p lang="en" dir="ltr">In July, <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@MicroStrategy</a> acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC. Please join us at 5pm ET as we discuss our Q2 2023 financial results and answer questions about the outlook for <a href="https://twitter.com/hashtag/BusinessIntelligence?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BusinessIntelligence</a> and <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a>. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/SCHeBJ80TH" target="_blank" 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" target="_blank" rel="noopener noreferrer nofollow">August 1, 2023</a> 
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<p>In the second quarter, MicroStrategy reported an impairment charge of $24.1 million on its bitcoin holdings, contrasting with the $917.8 million charge in the same quarter last year and a $18.9 million charge in Q1, as stated in the company’s most recent earnings report. The compa…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/microstrategys-hoards-btc-in-q2-investment-giant-buys-stake-in-firm/">MicroStrategy’s Hoards BTC in Q2; Investment Giant Buys Stake in Firm</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

MicroStrategy’s Hoards BTC in Q2; Investment Giant Buys Stake in Firm

Coin Edition

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