The corporate bitcoin holder recorded an $8.32 billion unrealized loss as crypto asset valuations declined in Q2.
MicroStrategy reported an $8.2 billion net loss for the second quarter, primarily due to an $8.32 billion unrealized markdown on its bitcoin holdings. The company’s bitcoin stash, now at 843,775 tokens, is valued at $54.8 billion, down from a $63.7 billion acquisition cost.
The loss reflects fair-value accounting adjustments amid a decline in bitcoin prices. MicroStrategy has raised $17.06 billion this year through stock offerings and repurchased $1.5 billion in convertible notes at a discount.
The firm also built a $3.75 billion USD reserve to cover over two years of preferred dividends and interest, while pursuing a new bitcoin monetization program and a $1 billion share buyback.