MicroStrategy's $8.2 Billion Loss Highlights Risks of Corporate Bitcoin Holdings

MicroStrategy, once known as Strategy, has reported an $8.2 billion loss after Bitcoin's price decline significantly reduced the value of its massive cryptocurrency holdings.

The company holds approximately 843,775 BTC, making it one of the largest corporate holders of Bitcoin in the world.

For the first time, MicroStrategy has begun selling portions of its Bitcoin holdings, with approximately $218 million worth of BTC sold this year to help fund preferred stock dividend obligations.