MicroStrategy Q2 net loss of 102.6 million US dollars

BlockBeats reports that on August 2, MicroStrategy announced its second quarter financial report. The net loss for the second quarter was $102.6 million, or $5.74 per share, compared to a revenue of $22.2 million, or $1.52 per share in the same period last year.

The loss is due to the company's provision for impairment of its Bitcoin holdings amounting to $180.1 million, while the provision for impairment in the second quarter of last year was $24.1 million.

The report shows that as of July 31st, MicroStrategy held 226,500 Bitcoins which has increased since mid-June. The acquisition cost of these 226,500 Bitcoins was $8.3 billion with an average price of each being at around $36,821.