@lexiondigital🍖
@taye
**MicroStrategy Reports Major Loss Due to Bitcoin Volatility** **By [lex]** *September 16, 2024* MicroStrategy has posted a significant net loss of $102.6 million, or $5.74 per share, for Q2 2024, a sharp decline from a $22.2 million profit last year. The loss was driven by a $180.1 million impairment related to the volatility of its large Bitcoin holdings. Despite this financial hit, MicroStrategy's stock has seen remarkable gains. Over the past 12 months, the stock has surged nearly 295%, reaching $134 as of September 16. In 2024 alone, shares have risen 96%, reflecting that the risk associated with Bitcoin has thus far paid off. ### What’s your view? - How does Bitcoin volatility affect companies with large holdings? - Will MicroStrategy’s stock continue to perform well? - Is the risk of heavy digital asset investment worth the reward? Share your thoughts below.
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