Michael Saylor has once again published Bitcoin Tracker information.
1 hours ago
Strategy founder Michael Saylor once again shared updates related to the firm’s Bitcoin tracker, with the caption: “Bitcoin Drive engaged.” Per its historical pattern, Strategy typically discloses Bitcoin purchases the day after such announcements, but the company has not added to its Bitcoin holdings for five consecutive weeks. This week, Strategy released its second-quarter financial results, reporting an $8.2 billion loss, compared to a $10 billion profit in the year-ago period. The loss stemmed primarily from unrealized paper losses on its Bitcoin holdings. Strategy noted that its Bitcoin position rose 11% in Q2, peaking at 846,000 BTC before the firm began selling some of its assets. As of its latest filing, the company holds 843,775 BTC. Year-to-date, Strategy has sold approximately $218 million worth of Bitcoin to cover preferred stock dividends. The firm had previously suspended Bitcoin purchases for five consecutive weeks, shifting its focus to expanding U.S. dollar cash reserves.
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