{"id":15778,"date":"2024-08-02T10:16:17","date_gmt":"2024-08-02T07:16:17","guid":{"rendered":"https:\/\/forklog.com\/en\/microstrategy-acquires-805-million-in-bitcoin-in-q2\/"},"modified":"2024-08-02T10:16:17","modified_gmt":"2024-08-02T07:16:17","slug":"microstrategy-acquires-805-million-in-bitcoin-in-q2","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-acquires-805-million-in-bitcoin-in-q2\/","title":{"rendered":"MicroStrategy Acquires $805 Million in Bitcoin in Q2"},"content":{"rendered":"

MicroStrategy has expanded its Bitcoin holdings by acquiring an additional 12,222 BTC for $805 million in the second quarter, bringing its total reserves to 226,500 BTC (~$14.7 billion). This was revealed in the firm’s report<\/a>.\u00a0<\/p>\n

Over the past three months, the company reported a loss of $5.74 per share with quarterly revenue of $111.4 million\u2014a 7% decline compared to the previous year.\u00a0<\/p>\n

The figures fell short of analysts’ expectations, who, according to a Bloomberg<\/a> survey, had projected a loss of $0.78 per share and revenue of $119.3 million.<\/p>\n

\"MicroStrategy
Quarterly performance dynamics of MicroStrategy. Data: MicroStrategy.\u00a0<\/figcaption><\/figure>\n

The company stated that the 226,500 BTC were acquired for $8.5 billion at an average price of $36,821 per coin.\u00a0<\/p>\n

The firm also introduced a new key performance indicator called “Bitcoin Yield,” which reflects the percentage change in the ratio between the company’s assets in the leading cryptocurrency and its diluted shares outstanding.<\/p>\n

Since the beginning of the year, this metric has reached 12.2%. MicroStrategy emphasized its intention to maintain it in the range of 4% to 8% annually over the next three years.<\/p>\n

\n

“The company uses Bitcoin yield as a key metric to assess the effectiveness of its digital gold acquisition strategy, which it believes benefits shareholders,” the statement said.\u00a0<\/p>\n<\/blockquote>\n

The firm confirmed that its 10:1 stock split, initially scheduled for July 11, will occur on August 7.<\/p>\n

According to the report, the company will file a registration form to place its securities on the market for $2 billion in an attempt to raise additional capital.\u00a0<\/p>\n

At the time of writing, MicroStrategy’s shares are trading at $1569<\/a>, up 3.7% after the session closed.\u00a0<\/p>\n

\"MicroStrategy
MicroStrategy stock quotes. Data: MarketWatch<\/a>.\u00a0<\/figcaption><\/figure>\n

In June, the firm reported the purchase of 11,931 BTC for $785 million and the issuance of $800 million in shares.<\/p>\n

In the same month, the value of open short positions on MicroStrategy’s shares rose to $6.9 billion. This figure has tripled over the past six months.<\/p>\n","protected":false},"excerpt":{"rendered":"

MicroStrategy has expanded its Bitcoin holdings by acquiring an additional 12,222 BTC for $805 million in the second quarter, bringing its total reserves to 226,500 BTC (~$14.7 billion). This was revealed in the firm’s report.\u00a0 Over the past three months, the company reported a loss of $5.74 per share with quarterly revenue of $111.4 million\u2014a […]<\/p>\n","protected":false},"author":1,"featured_media":15777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1207,1252],"class_list":["post-15778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-microstrategy","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15778"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15777"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}