MicroStrategy reported an $8.33 billion operating loss for the second quarter.
An $8.32 billion unrealized loss on digital asset holdings drove the majority of the deficit.
The loss occurred as Bitcoin's market price fell below the company's average purchase price.
The company remains the world's largest institutional holder with a total of 843,775 bitcoins.
MicroStrategy acquired its holdings at an average price of approximately $75,476 per coin.
Quarterly revenue reached $122.39 million, slightly missing analyst estimates.