August 3, 2022, 11:19AM EDT
• 4 min read

Commentary on MicroStrategy Q2'22 Earnings

Quick Take

  • Michael Saylor to step down as CEO of MicroStrategy and assume role of Executive Chairman, while Phong Le, current President & CFO, will become CEO and President effective August 8, 2022
  • MicroStrategy closed August 2, 2022, at $278.26 / share but traded down to $273.87 / share in after hours trading 
  • +16% rally in August 3, 2022 intra-day trading as of this writing 
  • Reported Q2’22 sales of $122mm and EPS of ($94.01) missing consensus of $123mm and ($1.23), respectively
  • Bitcoin holdings hampered by 2022 digital asset winter and market turmoil
  • Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here