The post Microstrategy’s Bitcoin Holdings: Latest Acquisition and Q2 2023 Performance appeared first on Coinpedia Fintech News
Michael Saylor’s MicroStrategy announced that they are back in business by selling big BTC holdings. Tuesday’s earning report showed a 200% year-to-date increase in the company’s stock value, putting it closer to its 52-week high of $478. Despite the positive sentiments, the stock dropped after the earnings announcement, indicating investors’ concern.
Q2 2023: How Did MicroStrategy Impress Investors?
In a post on Platform X, Michael Sailor revealed that MicroStrategy now as of July 31 has 152,800 bitcoins, 467 more than in June. Chief financial officer Andrew Kang noted that the second quarter’s 12,333 bitcoin increase was the most since the second quarter of 2021.
In July, @MicroStrategy acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC. Please join us at 5pm ET as we discuss our Q2 2023 financial results and answer questi
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