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MicroStrategy Reports $10B Net Income in Q2 as Bitcoin Holdings Skyrocket

  • MicroStrategy reported a $14.05 billion yield on its Bitcoin holdings in Q2, with a net income of $10 billion after expenses.
  • The company raised $6.8 billion through stock sales and is well-positioned to be considered for the S&P 500.
  • MicroStrategy holds 597,325 bitcoins bought at an average price of $70,982, now worth over $64 billion on their balance sheet.
  • With CEO Michael Saylor's support, MicroStrategy's value is closely tied to Bitcoin's performance, with plans to continue accumulating more.

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