Microstrategy Earnings: What Future Holds For Largest Bitcoin Holding Company

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Microstrategy Earnings: What Future Holds For Largest Bitcoin Holding Company

Microstrategy, which continues to be the company with largest Bitcoin holding, is scheduled to report quarterly earnings with investors anticipating any comment on its crypto strategy. The company’s BTC holdings are currently incurring around 50% unrealized loss over the total investment made to purchase Bitcoin. Last week’s surge in Bitcoin (BTC) price came as a much needed relief to investors in the midst of the ongoing bear market rally.

However, the current range is way below the crypto market prices registered during last year’s bull run. A large section of Bitcoin investors are still trading in losses thanks to the prolonged bearish momentum in 2022. For a large part of 2022, the curve for Microstrategy Bitcoin holding followed a sideways trend with 50% overall loss over the investment. The unrealized loss might not have a huge bearing on the company’s prospects if it continues to hold BTC in the long term. The company reported a loss of over $1 billion in the second quarter of 2022 as the BTC price dropped significantly.