Microstrategy plans the further development of his Bitcoin acquisition strategy

We continue to use additional capital in our digital-asset strategy in the future

Microstrategy Bitcoin acquisition strategy

Since August 2020 this has been located in Tysons, VA, based software company on a Bitcoin buying frenzy for its treasury reserve. The company's company policy developed for 2020 says that all cash is kept outside of the company in the form of Bitcoin.

The company started buying Bitcoin on every opportunity. A few months ago, Microstrategy spent $ 500 million collected by the sale of junk bonds used to buy more Bitcoin. In addition, the company applied for further Bitcoin stocks at the SEC after the sale of class A parent shares. Macrostrategy LLC, a subsidiary of Microstrategy, holds an estimated 92,079 bitcoins.

The takeover of Bitcoin continued, although BTC fell less than $ 40,000, with the company with the decrease of $ 63 million of losses. At the time of printing, Bitcoin was traded at $ 38,806 according to our data. At these prices, Microstrategy now holds Bitcoin worth more than $ 4 billion.

reports also reported other large companies such as Tesla, Square and Coinbase cryptocurrencies worth hundreds of millions of dollars. This step has opened the doors for some investors to get involved in digital assets without actual self -custody. It also marks a big turn, especially since companies that hold Bitcoin, were assumed to expose them to great volatility and fragility.

Financial report

As of June 30th, the non-GAAP (generally recognized accounting principles) was the market value calculation of the Bitcoin stocks of MicroStrategy $ 3,653 billion. This number reflected the Bitcoin price of $ 34,763. In addition, the non-GAAP cost base for digital assets was $ 2.741 billion, which corresponds to $ 26,080 per bitcoin.

According to data, Microstrategy achieved a sales of 125.4 million US dollar in the second quarter, an increase of 13.4 percent compared to the same time before one year. The gross profit for the quarter was $ 102.3 million. This corresponded to a gross margin of 81.6 percent compared to 78.3 percent in the comparison period of the previous year.