MicroStrategy Earnings Flip From $10 Billion Profit to $8.2 Billion Loss in 1 Year

MicroStrategy earnings for the second quarter carried an $8.22 billion net loss and a new metric, BTC Hurdle ARR, that Strategy’s own Bitcoin yield is currently running below. The company set that hurdle at 10.8% and reported a 4.5% bitcoin yield for the year. Chief Financial Officer Andrew Kang called the figure its effective cost