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MicroStrategy Books No Impairment Charge on Massive Bitcoin Holdings in Q2

August 1, 2023
in Crypto Updates
Reading Time: 1 min read
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“Our bitcoin holdings elevated to 152,800 bitcoins as of July 31, 2023, with the addition within the second quarter of 12,333 bitcoins being the biggest improve in a single quarter since Q2 2021,” stated Andrew Kang, Chief Monetary Officer, in a press release. “We effectively raised capital by means of our at-the-market fairness program and used money from operations to proceed to extend bitcoins on our steadiness sheet. And we did so towards the promising backdrop of accelerating institutional curiosity, progress on accounting transparency, and ongoing regulatory readability for bitcoin.”

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Tags: BitcoinbooksChargeHoldingsImpairmentmassiveMicroStrategy
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