MicroStrategy's Q2 Financial Report Shines, Michael Saylor: Continues to Accumulate Bitcoin

The commercial intelligent software company MicroStrategy (MSTR), which strongly supports Bitcoin, released its second-quarter financial report on the 29th. Compared to the second quarter of 2020, the total revenue for the second quarter of 2021 was $1.254 billion, an increase of 13.4%. However, the stock price closed at $625.01 on that day, a decrease of 3.35%.

MicroStrategy's founder and CEO, Michael J. Saylor, stated that the company's asset accumulation plan continues to focus on Bitcoin. He said:

"The company currently holds more than 105,000 bitcoins, and we are excited about our strategic positioning in digital assets, intending to deploy additional capital in our digital asset strategy."

According to financial reports, MicroStrategy's product licenses and subscription services revenue for the second quarter increased by 42.3% to $32.5 million compared to the second quarter of 2020.

As for Bitcoin, as of June 30, 2021, the book value of MicroStrategy's digital assets (including approximately 105,085 bitcoins) was $2.051 billion, with a cumulative impairment loss of $689.6 million since acquisition, resulting in an average book value per bitcoin of approximately $19,518.

MicroStrategy's subsidiary, MacroStrategy LLC, holds approximately 92,079 bitcoins.

Since August last year, MicroStrategy has been continuously purchasing large amounts of Bitcoin and holding them in the company's assets without selling.

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