Crypto
MicroStrategy Stock Surges Amid $8.22 Billion Quarterly Loss
MicroStrategy's stock rose by 4.73% despite posting an $8.22 billion Q2 loss, which was largely driven by an $8.32 billion unrealized markdown on its Bitcoin holdings.
The company held 843,775 BTC worth roughly $54.8 billion as of July 26, below its acquisition cost of $63.7 billion recorded in 2026.
MicroStrategy plans to continue selling some of its Bitcoin holdings to replenish cash reserves, fund preferred dividends, pay interest, and support buybacks.