MicroStrategy raises holdings to 226,500 bitcoin, introduces BTC yield metric | Headlines | News | CoinMarketCap
08/02/2024 03:59
MicroStrategy said Thursday that since the beginning of the second quarter, it had acquired 12,222 bitcoin for $805.2 million and introduced a new …
MicroStrategy said Thursday that since the beginning of the second quarter, it had acquired 12,222 bitcoin for $805.2 million and introduced a new key performance indicator for its bitcoin strategy.
Its total bitcoin holdings, 226,500 BTC, came at a cost of $8.3 billion, or $36,821 per bitcoin, as of July 31.
The company said its "BTC yield" stands at 12.2% in the year-to-date period, and it will target 4% to 8% annually over each of the next three years.
BTC yield is the percentage change over time in the ratio of MicroStrategy's bitcoin holdings to its diluted shares outstanding. Diluted shares outstanding include all actual shares of the company's common stock plus any additional shares that could be created from converting all convertible notes, exercising all …