๐ MicroStrategy's Q2 report is out! Despite a net loss of $102.6M, mainly due to a $180.1M impairment charge on their Bitcoin holdings, the company remains bullish on Bitcoin's future. ๐
Led by Michael Saylor, MSTR now holds 226,500 BTC, worth $14.4B at current prices. CEO Phong Le highlighted growing institutional support and optimism at the Bitcoin 2024 Conference.
Revenue hit $111.4M, missing estimates, but MSTR shares have tripled over the past year. Plus, a 10-for-1 stock split just made investing more accessible! ๐ฅ
Thoughts on MSTR's Bitcoin strategy? Drop your comments below! ๐