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An announcement from Microstrategy ( (MSTR) ) is now available.
The Company’s BTC Yield, a key performance indicator reflecting the change in ratio between bitcoin holdings and assumed diluted shares, stood at 43.2% for the quarter and 68.7% year-to-date in 2024. This metric helps evaluate the strategy of acquiring bitcoin through equity and convertible instruments. Recent stock sales raised $2.13 billion, enabling the purchase of 21,550 bitcoins. As of December 8, 2024, the Company held 423,650 bitcoins, emphasizing its commitment to a bitcoin-focused strategy.
Find detailed analytics on MSTR stock on TipRanks’ Stock Analysis page.