MicroStrategy posted a net loss of $102.6 million from its Bitcoin holdings. The company suffered an impairment loss of $180.1 million. MicroStrategy, which owned 226,500 Bitcoins as of July 31, purchased these assets for $8.3 billion. At the current price, these Bitcoins are worth approximately $14.4 billion. 📉

CEO Phong Le stated that political and institutional support has increased at the Bitcoin 2024 Conference. The company's revenues were announced at $111.4 million, below expectations. The share price fell 6.5%. 💡

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