MicroStrategy purchased 12,222 bitcoins at an average cost of $65,882, totaling 226,500 BTC at an average of $36,821 per bitcoin by July 31st, aiming for 4-8% annual yield by 2027.
The company reported a 21% year-over-year increase in subscription services revenues. It raised $800 million through convertible senior notes offering and announced a 10-for-1 stock split effective August 7, 2024.
CFO Andrew Kang stated that MicroStrategy added 12,222 bitcoins in Q2 through capital activities. The company plans a $2 billion equity offering and continues to manage equity capital efficiently.
As of June 30, MicroStrategy's Bitcoin cost basis was $8.3 billion, with a market value of $14 billion at an average cost per Bitcoin of $36,798 and a market price of $61,926.69.
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