Key Points
- MicroStrategy added 12,222 BTC in Q2, totaling over $800 million in Bitcoin holdings.
- The firm plans to invest an additional $2 billion in BTC, a potential 15% increase in its investment.
MicroStrategy recently disclosed its acquisition of $11 million in Bitcoin (BTC) in July. This addition brings its Q2 acquisition to 12,222 BTC, valued at over $800 million.
The company currently holds a total of 226,500 BTC, which cost them $8.3 billion.
Successful Q2 BTC Strategy
Phong Le, president of MicroStrategy, labeled their Q2 BTC strategy as “successful,” noting a 70% increase in market value for the firm’s holdings.
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.
MicroStrategy’s BTC Holdings
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.
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.
MicroStrategy’s stock, MSTR, remains above $1500 despite a recent sell-off and a significant BTC drop to $62k on August 1st.
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.
