MicroStrategy stock declines following earnings report showing large debt and bitcoin holdings

MicroStrategy's stock fell to around $82.31 after the company published its second-quarter earnings report. The results showed the company carries $6.71 billion in debt. Its share price has dropped about 48 percent over the past month.

The company's unusual strategy is to borrow money and sell shares to buy bitcoin. This means its financial health depends heavily on the bitcoin price. The earnings report revealed losses connected to bitcoin and growing costs to service its debt.

Investors are now worried about whether the company can pay dividends and meet its debt obligations. If it cannot raise enough money, it may have to sell some of its bitcoin holdings to cover these costs.