MicroStrategy's net loss in the second quarter was $102.6 million, but they increased the number of BTC in their assets to 226,500 coins.

In particular,#MicroStrategyannounced the purchase of another 169 BTC for 11.4 million $ in July. 

Since the beginning of the second quarter, total purchases amounted to 12,222 BTC worth more than 800 million $ through the issuance of bonds. And the company's chief financial officer, Andrew Kang, has already announced MicroStrategy's plans to list shares worth 2 billion $ after their 10-to-1 split last month.

Saylor and MicroStrategy's strategy is both simple and ingenious - they simply borrow (via bonds) a depreciating unlimited supply asset (USD) to buy an appreciating limited supply asset (BTC). 

Of course, there are risks. But the paper profit ratio of this strategy makes it clear that it is worth it. 

Another question is that if MicroStrategy had started to at least partially take profits, this would have hit market sentiment and the price of the asset. But the strategy does not assume that BTC will be sold while the asset is in its essentially infancy stage. Strictly speaking, according to Sailor, the strategy does not involve sales at all 😁