MicroStrategy Reveals its Bitcoin Reserves Have Risen to 226,500

In the second quarter of this year, MicroStrategy reported a net loss of $102.6 million or $5.74 per share.

This is a significant decrease from the income of $22.2 million or $1.52 per share that the company reported in the same quarter one year ago.

The loss was primarily due to a $180.1 million impairment charge on its Bitcoin holdings, which is significantly higher than the $24.1 million impairment charge in the second quarter of last year.

Led by Executive Chairman Michael Saylor, MicroStrategy announced on July 31 that it holds 226,500 Bitcoins, which is a small increase from its last purchase announcement in mid-June.

The total cost of these Bitcoins was $8.3 billion, with an average price of $36,821 per token. With current market prices at $63,500, the company’s Bitcoin holdings are now worth approximately $14.4 billion.