Bitcoin could soar in price over the next decade. But that's not the only reason billionaires are buying Bitcoin. Despite the price of Bitcoin (BTC -4.22%) struggling to stay above $60,000 these days, many top investors remain confident that the world's most popular cryptocurrency will eventually reach a price of $1 million or higher. In fact, at last month's Bitcoin 2024 conference in Nashville, Tennessee, MicroStrategy (MSTR -3.70%) Executive Chairman Michael Saylor predicted that Bitcoin could hit a pric ...

MIAMI, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs is proud to unveil MSTX, the first singlestock long leveraged ETF for MicroStrategy. MSTX seeks to provide 175% long daily targeted exposure to MicroStrategy. Defiance's single-stock ETFs provide leveraged exposure to disruptive companies without the need for a margin account. MicroStrategy, known for its visionary approach to data analytics and business intelligence, has emerged as a prominent player in the Bitcoin market. With a strategic focus on bec ...

Software development firm MicroStrategy Inc. MSTR hasn't been the same since it embraced Bitcoin BTC/USD four years ago, with the firm's stock returning more to its investors than Warren Buffett's Berkshire Hathaway Inc. BRK BRK throughout this time. What Happened: MicroStrategy adopted Bitcoin as its primary reserve asset on August 10, 2020, becoming the first publicly listed company to pursue this strategy. Since then, shares of the so-called Bitcoin development company have soared 839%. Interestingly, th ...

Olemedia To be honest, I do not have a positive opinion of single-stock covered call ETFs like the Yieldmax MSTR Option Income Strategy ETF (NYSEARCA:MSTY). To satisfy investors' insatiable appetite for high-yielding investments, fund innovators like Yieldmax keep pushing the envelope by wrapping highly volatile securities like MicroStrategy Inc. (MSTR) shares into derivative structures and calling them ETFs. Unlike traditional covered-call funds like the JPMorgan Equity Premium Income ETF (JEPI), single-st ...

The largest corporate holder of Bitcoin is set to conduct a historic stock split. Though there's little doubt Wall Street is enamored with the rise of artificial intelligence (AI), the return of stock-split euphoria has given investors another reason to cheer. A stock split gives publicly traded companies the ability to alter their share price and outstanding share count by the same factor. Over the last six months, 12 time-tested companies have announced or completed a stock split. Stock splits can occur i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-24435 MICROSTRATEGY INCORPORATED (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of ...

Adam Gault This article is about my takeaways from the MicroStrategy (NASDAQ:MSTR) Q2 earnings call on 1 August 2024. I was pretty impressed with everything, although there is one thing I wished we'd heard more about. Overall, I am even more bullish on the stock after this call because it seems that management is clearly setting the foundation for greater clarity amongst investors on what exactly is MicroStrategy's strategy with Bitcoin (BTC-USD). BTC Yield The main thing was MSTR's new KPI which they call ...

U.S. stock futures were lower this morning, with the Dow futures falling around 700 points on Monday. Shares of MicroStrategy Incorporated MSTR fell sharply in today's pre-market trading amid a sharp decline in Bitcoin prices. MicroStrategy shares dipped 17.2% to $1,199.52 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. First Financial Bankshares, Inc. FFIN shares declined 23.9% to $26.99 in pre-market trading after declining 3% on Friday. CleanSpark, ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2024 were $111.4 million, down 7% year-over-year, reflecting the transition from on-premise to cloud services [20][21] - Non-GAAP subscription billings grew by 45% to $33.4 million, marking the fourth consecutive year of quarterly double-digit growth [22] - Software business operating income was $1.9 million, with non-cash stock-based compensation expense increasing by 33% year-over-year to $20.6 million [25][24] Business Line Data and Key Metrics Changes - Subscription services revenue increased by 21% year-over-year to $24 million, driven by customer migrations to the cloud and new customer acquisitions [17][20] - Product license revenues declined by 40% year-over-year, while support revenues decreased by 7% [20] - The cloud contracts booked in Q2 were the strongest single quarter bookings to date, more than double Q1 [21] Market Data and Key Metrics Changes - MicroStrategy remains the largest corporate holder of bitcoin, holding 226,500 bitcoins valued at approximately $15 billion as of the end of Q2 2024 [7][28] - The company acquired an additional 12,222 bitcoins in Q2 at an average price of $65,882, reflecting a strong institutional interest in bitcoin [7][28] Company Strategy and Development Direction - The company aims to achieve a bitcoin yield of 4% to 8% annually for the next three years, focusing on accumulating bitcoin through excess cash flows and capital market activities [15][31] - The transition to cloud services is a key strategic focus, with an emphasis on enhancing AI capabilities and customer engagement [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing institutional adoption of bitcoin and the maturation of bitcoin as an asset class, particularly following the approval of Spot Bitcoin ETPs [7][8] - The company anticipates that the transition to cloud services will lead to stronger recurring revenue in the long term, despite short-term revenue declines [20][22] Other Important Information - The company announced a 10-for-1 stock split to enhance liquidity and accessibility for investors [32] - The market value of bitcoin holdings was reported at $14 billion, with a significant difference between market value and carrying value expected to be realized under new accounting rules [28] Q&A Session Summary Question: MicroStrategy's equity premium to its bitcoin holdings - Management attributes the healthy equity premium to the ability to achieve a positive BTC Yield, which differentiates the company from traditional investment vehicles [50][51] Question: Q2 cloud conversions relative to expectations - Q2 saw the largest cloud bookings in company history, indicating strong momentum in cloud migrations and AI adoption [54][55] Question: Decision-making between debt and equity issuances - Management evaluates various capital market options, including cash purchases, debt, and equity, to optimize bitcoin acquisition strategies [56][59] Question: Incremental leverage capacity and interest expense management - The company actively manages cash flows and forecasts adequate cash to service existing debt, ensuring a careful approach to incremental debt and interest expenses [60][61]

��� Q2 2024 Financial Results August 1, 2024 Copyright © 2024 MicroStrategy Incorporated. All Rights Reserved. MicroStrategy Q2 2024 Earnings Call Safe Harbor Statement FORWARD-LOOKING STATEMENTS Some of the information we provide in this presentation regarding our future expectations, plans, and prospects may constitute forward-looking statements. Actual results may differ materially from these forward-looking statements due to various important factors, including the risk factors discussed in our most rec ...