MicroStrategy Reports Q2 Results: Holds 226,331 Bitcoin Worth $8.329 Billion
Portfolio Pulse from Erica Kollmann
MicroStrategy (NASDAQ:MSTR) reported Q2 results with quarterly losses of $5.74 per share and revenue of $111.4 million, both missing analyst estimates. The company holds 226,331 bitcoins valued at $8.329 billion. Despite the financial misses, the company remains focused on its Bitcoin strategy and reported a year-to-date bitcoin yield of 12.2%. MSTR shares are up 0.78% after-hours.
August 01, 2024 | 9:07 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
MicroStrategy reported Q2 losses of $5.74 per share and revenue of $111.4 million, both missing analyst estimates. The company holds 226,331 bitcoins valued at $8.329 billion. Despite financial misses, the company remains focused on its Bitcoin strategy and reported a year-to-date bitcoin yield of 12.2%. Shares are up 0.78% after-hours.
Despite missing earnings and revenue estimates, MicroStrategy's focus on its Bitcoin strategy and the positive year-to-date bitcoin yield of 12.2% have likely contributed to the slight increase in share price. The market appears to be reacting more to the company's Bitcoin holdings and strategy than to its financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100