MicroStrategy, a business intelligence company and one of the largest institutional holders of Bitcoin, reported a return to profitability in Q2. The company purchased 12,333 Bitcoin in the quarter, the most it has bought in two years, bringing its total holdings to 152,800 BTC worth approximately $4.4 billion.

MicroStrategy's Q2 earnings beat analyst estimates, with $22.2 million in earnings and $120.4 million in revenue. The company's CFO cited increasing institutional interest and regulatory clarity as reasons for continuing to increase its Bitcoin holdings.