2024

Bitcoin

Yield

MicroStrategy reported a loss for the second consecutive quarter while holding 226,500 Bitcoin (BTC) in its portfolio. The largest corporate holder of BTC posted a net loss of $123 million for the second quarter showing relief from the $137 million loss in the last quarter. 
<a href="https://www.cryptopolitan.com/microstrategy-expands-bitcoin-holdings-786m/">MSTR’s share</a> price took a dip of 6% in the last trading session but showed a surge of 3.5% in the after-hours session. The company added 12,222 Bitcoin to its digital asset holdings for $805.2 million, or $65,882 per Bitcoin since the beginning of 2nd quarter. 
<h3 id="span-style-font-weight-400-microstrategy-holds-over-226k-bitcoin-span">MicroStrategy holds over 226k Bitcoin</h3> 
As per the <a href="https://www.microstrategy.com/press/microstrategy-announces-second-quarter-2024-financial-results-now-holds-226-500-btc_08-01-2024" rel="nofollow noopener" target="_blank">report</a>, the company is holding 226,500 BTC (approximately $14.5 billion), which reflects a current market value 70% higher than its cost. It added that the original cost basis and market value of the Company’s bitcoin were $8.329 billion and $14.016 billion, respectively. This reflects an average cost per Bitcoin of around $36,798 and a market price per bitcoin of $61,926.69, respectively. 
Phong Le, CEO of MicroStrategy, stated that they remain focused on the BTC development strategy and look ahead to achieve a positive “Bitcoin Yield.”&nbsp; 
Bitcoin Yield is going to be MSTR’s new KPI, and it is targeting 4-8% annually from 2025-2027. Its year-to-date 2024 BTC Yield stood at 12.2%. The company believes this KPI will help investors understand the rationale behind funding bitcoin purchases. 
The report highlighted that MSTR issued $800 million in convertible notes in June 2024 of 2.250% Convertible Senior Notes due 2032. MicroStrategy reported a loss from operations of $200.3 million for Q2 2024, compared to $26.7 million in Q2 2023. Its net loss turned out to be $102.6 million, or $5.74 per diluted share, versus a net income of $22.2 million, or $1.52 per diluted share, in Q2 2023. 
<h3 id="span-style-font-weight-400-mstr-shares-surged-by-200-in-the-last-6-months-span">MSTR shares surged by 200% in the last 6 months</h3> 
MicroStrategy shares have posted a surge of 200% in the last 6 months despite registering back to back quarterly losses. MSTR is up by 247% in the last year. The company executed a 10 for 1 stock split which resulted in a 6.36% drop in its share price to $1,511 over the last day. 
<figure id="attachment_562866" aria-describedby="caption-attachment-562866" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-562866 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/08/microstrategy-MSTR.jpg" alt="" width="695" height="433" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/08/microstrategy-MSTR.jpg 695w, https://www.cryptopolitan.com/wp-content/uploads/2024/08/microstrategy-MSTR-300x187.jpg 300w" sizes="(max-width: 695px) 100vw, 695px">
 <figcaption id="caption-attachment-562866" class="wp-caption-text">
 Source: Google Finance
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</figure> 
Bitcoin price has seen much more fluctuation over the past 90 days providing some opportunity to add more and HODL. BTC surged by more than 2% in the last 90 days while it printed the red index with a drop of almost 6% in the past 60 days. The largest crypto is still up by 52% on a year-to-date basis.&nbsp; 
BTC is trading at $64,416, at the press time after dipping by 4% in the last 7 days. Its 24 hour trading volume jumped by 13% to stand at $39.6 billion.

MicroStrategy adds 12.22K Bitcoin despite Q2 loss

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