MicroStrategy pledges to buy more BTC despite paper loss on its holdings of $424.8M in Q2 By Cointelegraph – Investing.com
- Date: 31-Jul-2021
- Source: Investing.com
- Sector:Technology
- Country:Middle East
MicroStrategy pledges to buy more BTC despite paper loss on its holdings of $424.8M in Q2 By Cointelegraph – Investing.com
Business intelligence and mobile software firm MicroStrategy has pledged to buy more despite reporting impairment losses of $424.8 million in Q2.
This is only a paper loss, however, based on the price of Bitcoin at the end of the quarter and does not reflect a realized loss. Depending on how you add the figures up, MicroStrategy appears to have made nearly one billion dollars more from Bitcoin than it spent.
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