From Nasdaq
August 2, 2024 6:02:37 am:

MicroStrategy’s latest earnings report shows a $14.7 billion Bitcoin stockpile but also a $123 million net loss for Q2. The company acquired 12,222 BTC for $805 million, raising total holdings to 226,500 BTC at an average price of $36,821 per Bitcoin.

CEO Michael Saylor strongly advocates for Bitcoin as a strategic asset with growth potential. MicroStrategy recently filed with the SEC to sell $2 billion in Class A shares for general corporate purposes, including Bitcoin acquisitions. Analysts rate MSTR stock a Strong Buy with a 44.65% upside potential.

MicroStrategy’s ongoing Bitcoin strategy includes significant acquisitions, resulting in substantial growth in Bitcoin holdings. The company’s stock has surged by 271% in the past year. Analysts forecast further growth, with an average price target of $2,186.83.

Read more at Nasdaq: MicroStrategy’s Bitcoin Stockpile Hits $14.7 Billion