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MicroStrategy Q2 Financials Reflect Losses Due to Crypto Market Crash

Rahul Nambiampurath
·1-min read

BeInCrypto –

MicroStrategy’s second-quarter financial results show a loss in its bitcoin investments, but the company will continue to amass the cryptocurrency.

Business intelligence firm MicroStrategy has published its financial results for the second quarter of 2021, logging a revenue growth of 13%. The company saw some losses in its bitcoin holdings, brought on by the market’s slump in the second quarter. MicroStrategy, which has grown in the public eye for its investments in bitcoin, saw its shares drop by 3.35% today.

MicroStrategy’s total holdings amount to 105,085 BTC, which is worth over $4 billion at press time. CEO Michael Saylor, who has become a staunch bitcoin proponent since the company’s foray into the market, said that the firm was pleased by the results of its digital asset strategy.

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