MicroStrategy plans to continue to increase its Bitcoin holdings

Business intelligence company MicroStrategy will continue to increase investments in its "digital asset strategy," CEO Michael Saylor said in the company's second-quarter earnings announcement Thursday.

Saylor noted that the latest funding from the Tysons Corner, Virginia-based company brings its digital asset holdings to more than 105,000 bitcoins.

“We have been pleased with the results of our digital asset strategy,” he said. “We intend to continue to deploy additional capital to our digital asset strategy moving forward.”

The software company has been buying huge amounts of Bitcoin (BTC, +0.66%) since August last year, adding to its corporate reserve assets.

As of June 30, MicroStrategy's current non-GAAP (generally accepted accounting principles) market value of Bitcoin is $3.653 billion, reflecting Bitcoin's market price of $34,763 at the time. The non-GAAP cost basis of digital assets is $2.741 billion, or $26,080 per Bitcoin.

MicroStrategy posted revenue of $125.4 million for the quarter, which was a 13.4% increase from the year-ago quarter’s results.

MicroStrategy's shares fell 2.2% to $611.48 in after-hours trading Thursday following the release of its results.