Michael Saylor’s brainchild has become one of the largest holders of bitcoins, with over 105,000 coins accumulated in the span of a year. However, the substantial purchases completed during the second quarter of this year have resulted in a cumulative impairment loss of $689.6 million for the company, according to the Q2 report.
Despite the positive revenue during this period from the non-bitcoin products, the operating expenses, which “included impairment losses on MicroStrategy’s digital assets,” have resulted in a paper loss of $424.8 million.
Nevertheless, this seemingly unfavorable Q2 performance has not deterred Saylor as he reassured that the firm has no plans to change its BTC strategy.
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