Strategy, formerly MicroStrategy, has acquired over $20 billion in Bitcoin since the third quarter, bringing its total holdings to about 2% of the total supply. The company has completed $20 billion of its $42 billion capital plan ahead of schedule. Strategy reported a more than 70% annual BTC yield for 2024 and raised its target for the next three years to 15%, up from a prior range. Strategy introduced new performance metrics. Strategy's aggressive bitcoin-buying strategy now defines its valuation and has intensified over the past year through billions raised via convertible bond sales. This approach has attracted retail investors, boosted its market value, and secured a spot in the Nasdaq-100.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Strategy, formerly MicroStrategy, has acquired over $2 billion in Bitcoin since the third quarter,
00:07bringing its total holdings to about 2% of the total supply.
00:11The company has completed $20 billion of its $42 billion capital plan ahead of schedule.
00:16Strategy reported more than 70% annual BTC yield for 2024 and raised its target for the
00:21next three years to 15%, up from a prior range. Strategy introduced a new performance metric.
00:26Strategy's aggression, Bitcoin buying strategy, now defines its valuation as
00:30intensified over the past year through billions raised via convertible bond sales.
00:35The approach has attracted retail investors,
00:38boosted its market value and secured a spot in the Nasdaq 100.