From Nasdaq. August 1, 2024 10:45 PM:

MicroStrategy held its Q2 2024 Earnings Call on August 1, 2024, where they discussed their Bitcoin strategy and financial results. They are the largest corporate holder of Bitcoin, with 226,500 Bitcoins valued at $15 billion. They acquired an additional 12,222 Bitcoin in Q2 for $805 million, showing a commitment to their Bitcoin strategy.

MicroStrategy has used cash flows, equity issuances, and debt financing to acquire Bitcoin. Their total Bitcoin holdings increased by 13.3% in Q1 and 5.6% in Q2, while their assumed diluted shares outstanding only increased by 4.8% and 1.8% respectively. They introduced a new KPI, BTC Yield, to assess their performance in acquiring Bitcoin faster than issuing shares.

They raised $800 million through convertible notes in June, called for their 2025 convertible notes, announced a stock split, and a $2 billion equity offering program. MicroStrategy remains highly committed to their Bitcoin strategy, seeing institutional adoption and regulatory recognition as positive signs for Bitcoin’s future as an asset class.

Read more at Nasdaq: MicroStrategy (MSTR) Q2 2024 Earnings Call Transcript