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MicroStrategy’s second quarter monetary effects show a loss of its bitcoin investments, but the company will continue to accumulate cryptocurrencies.
Business intelligence corporation MicroStrategy released its monetary effects for the time of the 2021 quarter, recording a profit expansion of 13%. The corporation posted losses on its bitcoin assets, due to the market crash at the time of the quarter. In the eyes of the public for its investments in bitcoin, its shares fell 3. 35% today.
MicroStrategy’s total amount of assets amounts to BTC 105,085, representing more than $4 billion at the time of publication. Chief Executive Michael Saylor, who has a strong supporter of bitcoin since the company’s foray into the market, said the company was pleased with the effects of its virtual asset strategy.
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