MicroStrategy Q2 Profit $10B, $4.2B Bitcoin Buy Plan
MicroStrategy report say dem make record $10 billion net profit for Q2, wey come from 7,100% year-on-year increase for operating income reach $14 billion. Di gain come from unrealized Bitcoin (BTC) market value rise. CEO Phong Le talk say MicroStrategy na “misunderstood and undervalued.” Di company dey hold 628,791 BTC (worth $73.3 billion) and dem see their BTC yield increase by 25% this quarter, with $13 billion valuation gains. To fund better buy under their upgraded “42/42” plan, MicroStrategy announce say dem go issue $4.2 billion preferred shares. Dem don already raise $2.5 billion this month to buy 21,021 BTC. Year full target be 30% BTC yield and $20 billion Bitcoin gains. Dis kind moves fit make investors change how dem view MicroStrategy and Bitcoin shares.
Bullish
MicroStrategy strong Q2 results plus di $4.2 billion preferred-share issuance wey dem use buy more Bitcoin dey show say institution demand dey continue. For short term, this buying power fit make Bitcoin price rise as e go tighten supply and make market sentiment beta. For long term, di company high-yield targets and big accumulation under fair-value accounting dey strengthen Bitcoin position as strategic asset, supporting sustained bullish momentum.