Michael Saylor Reissues Bitcoin Tracker Info

BlockBeats News, August 2, Strategy founder Michael Saylor once again shared information about the Bitcoin Tracker, with the caption "Bitcoin Drive engaged."

According to past patterns, Strategy usually discloses its bitcoin holdings update on the second day after such information is shared. However, Strategy has not increased its bitcoin holdings for five consecutive weeks.

This week, Strategy released its second-quarter earnings report, recording an $8.2 billion loss, compared to a $10 billion profit in the same period last year. The loss was mainly due to unrealized mark-to-market losses on its bitcoin holdings. Strategy stated that its bitcoin holdings increased by 11% in the second quarter, reaching a peak of 846,000 BTC, before starting to sell off some assets. As of the latest disclosure, the company holds 843,775 BTC. Since the beginning of this year, Strategy has sold approximately $218 million worth of bitcoin to pay preferred stock dividends. The company had paused its bitcoin purchases for five consecutive weeks and instead focused on expanding its US dollar cash reserves.