According to Bloomberg, MicroStrategy Inc. has reported a second consecutive quarterly loss for the three months ending in June. The Tysons Corner, Virginia-based enterprise software firm took an impairment charge against the value of its approximately $13 billion in Bitcoin holdings, contributing to the financial setback.
Michael Saylor, the company's founder, has been a vocal advocate for Bitcoin, describing it as a valuable capital investment asset for individuals, families, institutional corporations, and even countries. Saylor has continued to acquire more Bitcoin personally, although he declined to disclose the exact amount he owns. He emphasized his belief in Bitcoin's potential as a superior investment option, stating, “I can’t see a better place to put my money.”
