TechFlow news on July 30: MicroStrategy released its financial results for the second quarter of fiscal year 2021. During the second quarter, MicroStrategy recorded a digital asset impairment loss of $424.8 million. As of June 30, 2021, the carrying value of MicroStrategy's digital assets—including approximately 105,085 bitcoins—was $2.051 billion, with cumulative impairment losses of $689.6 million since acquisition and an average cost per bitcoin of approximately $26,080. Additionally, MicroStrategy's subsidiary MacroStrategy LLC holds about 92,079 bitcoins. MicroStrategy CEO Michael J. Saylor stated that he remains pleased with the execution of the company's digital asset strategy. Recent financing has enabled MicroStrategy to expand its digital asset holdings. Going forward, the company intends to continue deploying additional capital into its digital asset strategy.
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