American business intelligence and software firm MicroStrategy Incorporated has released its Q2 performance report. As expected, the firm did not sell any of its accrued Bitcoin as it revealed a total portfolio balance of 226,500 BTC. The Michael Saylor-led firm has established itself as one of the biggest supporters of Bitcoin since August 2020.

MicroStrategy Business and Stock Performance

According to its report, MicroStrategy boasts of a 12.2% increase in its Year-to-Date (YTD) BTC Yield. The firm considers this metric an important one in measuring its alignment with its Bitcoin strategy.

In the second quarter, the firm implemented a 10-for-1 stock split, as a key highlight of its business. At the time of writing, the firm’s shares closed August 1 trading session down by 6.36% to $1,511.81. However, the After Hours performance has shown some improvements with just 1.06% surge in positive reaction to the earnings report.

This is a breaking news, please check back for updates!!!

The post Just-In: MicroStrategy Reports 12.2% YTD Bitcoin Yield, 226,500 BTC Balance appeared first on CoinGape.

---

Filed under: News - @ August 1, 2024 8:33 pm