Strategy (MSTR) Reports $8.2B Q2 Loss as Bitcoin Drops Below Cost Basis
Covered by 2 sources · 2 articles
2 outlets - including Crypto and Cryptotimes - are covering this story. The largest corporate bitcoin holder now sits $9 billion underwater on 843,775 coins, has sold bitcoin for the first time in four years, and is funding preferred dividends from the asset it promised never to sell. The Q2 numbers in…
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Strategy posts $8.2 billion loss as bitcoin falls below its cost basis
The largest corporate bitcoin holder now sits $9 billion underwater on 843,775 coins, has sold bitcoin for the first time in four years, and is funding preferred dividends from the asset it promised never to sell. The Q2 numbers in…
Strategy (MSTR) Reports $8.2B Q2 Loss as Bitcoin Drops Below Cost Basis
The $8.2 billion loss was almost entirely a non-cash markdown on Bitcoin under fair-value accounting, but the quarter also confirmed two firsts for the world's largest corporate holder: a stack now worth less than it paid, and a company tha…