MicroStrategy, a business intelligence firm, has reported an $11.4 million loss in Q2. However, the company remains undeterred in its commitment to Bitcoin, with an additional 13,005 BTC added to its reserves during the same period. Now, the company holds over 100,000 Bitcoin, reinforcing its standing as one of the largest corporate holders of the cryptocurrency.
Despite the quarterly loss, MicroStrategy’s continued investment in Bitcoin is a strategic move. As the digital currency continues to gain acceptance and momentum, the company’s substantial Bitcoin reserves could potentially yield high returns in the future. The firm’s unwavering belief in the potential of Bitcoin, even amidst financial loss, is indicative of the growing trend of businesses investing in cryptocurrency.
