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I am ready to buy FTX’s Solana (8% of the Solana supply) at $150. Is there any OTC dealer who can connect me with the FTX team $SOL #FTX
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MicroStrategy's Q2 2024 Financial Results: Key Highlights for Bitcoin Strategy MicroStrategy has unveiled its financial results for the second quarter of 2024, showcasing significant advancements in its Bitcoin strategy and overall financial health. The business intelligence firm has increased its Bitcoin holdings to 226,500 coins, valued at approximately $14.5 billion, which is 70% above the cost basis. Additionally, the company introduced a new key performance indicator (KPI), "BTC Yield," aiming for an annual growth of 4-8% from 2025 to 2027. The introduction of this metric signifies MicroStrategy's commitment to enhancing shareholder value through efficient Bitcoin acquisition. Despite a 7.4% decline in total revenues compared to the same quarter last year, subscription services revenue grew by 21.1%, indicating strong performance in other business areas. MicroStrategy also reported digital asset impairment losses amounting to $180.1 million for the quarter, resulting in a net loss of $102.6 million. However, the company successfully raised $800 million through convertible note offerings and announced a 10-for-1 stock split, driven by the appreciation in its stock price, largely due to its substantial Bitcoin holdings. CFO Andrew Kang highlighted the company's strategic use of "intelligent leverage," achieving a year-to-date BTC Yield of 12.2%. The financial maneuvers, including raising funds through 2.25% convertible senior notes due 2032 and redeeming $650 million convertible senior notes due 2025, underscore MicroStrategy's proactive approach in optimizing its capital structure and Bitcoin strategy.
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$SOL Last time, INJ led a bullish move in the market. This year, it was Solana, and now we have FTX FUD solana is in red zone
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$BTC plan got invalidated !! I'm still asking myself where I went wrong. Support is not support. T.A doesn't work.
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