On August 1, 2024, MicroStrategy Incorporated reported its financial results for the second quarter ended June 30, 2024. The company, known for holding a significant amount of Bitcoin, announced that it now possesses 226,500 BTC, acquired at an average price of $36,821 per Bitcoin. The company's 'BTC Yield,' a key performance indicator for its Bitcoin strategy, stood at 12.2% year-to-date. MicroStrategy also reported a 21% year-over-year increase in Subscription Services Revenues, amounting to $24.1 million. The quarter saw the company raise $800 million through a convertible senior notes offering and redeem $650 million in convertible senior notes due in 2025. Additionally, MicroStrategy declared a 10-for-1 stock split, effective August 7, 2024. Despite these developments, the company experienced a 7.4% decrease in total revenues compared to the second quarter of 2023, with a reported $111.4 million. Operating expenses surged to $280.8 million, largely due to $180.1 million in digital asset impairment losses. Consequently, the company posted a loss from operations of $200.3 million and a net loss of $102.6 million, or $5.74 per diluted share. As of June 30, 2024, MicroStrategy's cash and cash equivalents stood at $66.9 million.

On August 1, 2024, MicroStrategy Incorporated reported its financial results for the second quarter ended June 30, 2024. The company, known for holding a significant amount of Bitcoin, announced that it now possesses 226,500 BTC, acquired at an average price of $36,821 per Bitcoin. The company's 'BTC Yield,' a key performance indicator for its Bitcoin strategy, stood at 12.2% year-to-date. MicroStrategy also reported a 21% year-over-year increase in Subscription Services Revenues, amounting to $24.1 million. The quarter saw the company raise $800 million through a convertible senior notes offering and redeem $650 million in convertible senior notes due in 2025. Additionally, MicroStrategy declared a 10-for-1 stock split, effective August 7, 2024. Despite these developments, the company experienced a 7.4% decrease in total revenues compared to the second quarter of 2023, with a reported $111.4 million. Operating expenses surged to $280.8 million, largely due to $180.1 million in digital asset impairment losses. Consequently, the company posted a loss from operations of $200.3 million and a net loss of $102.6 million, or $5.74 per diluted share. As of June 30, 2024, MicroStrategy's cash and cash equivalents stood at $66.9 million.