According to Odaily Planet Daily, MicroStrategy announced its second quarter financial report, with a net loss of $102.6 million, or $5.74 per share. Revenue in the same period last year was $22.2 million, or $1.52 per share.
The loss was due to a $180.1 million impairment provision for its bitcoin holdings, compared with $24.1 million in the same period last year. As of July 31, MicroStrategy held 226,500 bitcoins, an increase from mid-June.
The purchase price of 226,500 bitcoins is $8.3 billion, an average of $36,821 per bitcoin. At the current price of $63,500, it is worth about $14.4 billion. The company said that the "BTC return" so far this year is 12.2%, and the target for the next three years is 4% per year.
