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Microstrategy ( (MSTR) ) has provided an update.
MicroStrategy announced a BTC Yield of 46.4% for the period from October 1 to December 15, 2024, and 72.4% year-to-date, indicating its strategy of acquiring bitcoin is believed to be accretive to shareholders. The company acquired approximately 15,350 bitcoins for $1.5 billion using proceeds from recent share sales, bringing its total bitcoin holdings to 439,000. This strategy reflects MicroStrategy’s focus on leveraging equity capital to enhance its bitcoin portfolio, with potential implications for its market positioning and shareholder value.
More about Microstrategy
MicroStrategy operates in the software industry, focusing primarily on business intelligence and analytics solutions. The company is known for its strategic investments in Bitcoin, making it a significant player in the cryptocurrency market.
YTD Price Performance: 547.02%
Average Trading Volume: 25,614,979
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $91.82B
For an in-depth examination of MSTR stock, go to TipRanks’ Stock Analysis page.
