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MicroStrategy announced its Q2 2024 financial results, highlighting a successful quarter for its Bitcoin strategy, with 226,500 bitcoins held and a market value significantly higher than the cost basis. The company also saw strong growth in subscription revenue and subscription billings.
Held 226,500 BTC.
Acquired 12,222 bitcoins since the beginning of Q2 for $805.2 million.
Subscription Services Revenues increased by 21% year-over-year.
Announced a 10-for-1 forward stock split effective August 7, 2024.
MicroStrategy is targeting to achieve an annual BTC Yield of 4-8% from 2025-2027.
Visualization of income flow from segment revenue to net income