Corporate Coverage

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MicroStrategy Reports $8.2 Billion Q2 Loss as Bitcoin Slump Impacts Corporate Treasury

Bitcoin

MicroStrategy Reports $8.2 Billion Q2 Loss as Bitcoin Slump Impacts Corporate Treasury

MicroStrategy, the enterprise software firm turned Bitcoin treasury company, announced an $8.2 billion net loss for Q2, primarily driven by unrealized accounting impairments on its extensive Bitcoin holdings. The company has moved to shore up its financial position by building a $3.75 billion cash reserve to support pr

Daniel Ross8h ago