Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
LIVE
3rdeyeofcrypto
--
Follow
What are your thoughts on
$XAI
rn it’s down more than 90% planning to buy some here !
Give a Tip
0 people tipped the creator.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.
See T&Cs.
XAI
0.247
-6.11%
5.8k
0
Replies
1
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
LIVE
3rdeyeofcrypto
@motec
Follow
Explore More From Creator
How was your Saturday. Market is depressing no doubt 😅
--
Good morning say it back ! Enjoyy your weekend 😄
--
Praying
--
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
--
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.
--
Latest News
Zora Protocol Rewards Celebrates First Anniversary With Significant Earnings
--
Cryptocurrency Market Experiences $191 Million in Liquidations Over 24 Hours
--
Amber Group Addresses ZKX Token Incident and Calls for Transparency
--
USDT Weekly Transactions on EVM Chains Surpass 18 Million
--
Bank Of America Predicts Fed Rate Cut In September
--
View More
Trending Articles
Btc supply is more than 21 million?
Crypto4light
Donald Trump's Machiavellian Plan Is The Most Bullish Thing I've Ever Seen!
Crypto PM
These Key Metrics Are Driving DeFi to 2022 Highs
CryptoPotato
XRP Price Crash : Peter Brandt Issues Dire Warning Amid Ripple Vs SEC Drama
Coinpedia
Pepe Price Plunges as Whale Activity Surges: What’s Next for PEPE?
Moon5labs
View More
Sitemap
Cookie Preferences
Platform T&Cs