Just-In: MicroStrategy Reports 12.2% YTD Bitcoin Yield, 226,500 BTC Balance

American business intelligence and software firm MicroStrategy Incorporated has released its Q2 performance report. As expected, the firm did not sell any of its accrued Bitcoin as it revealed a total portfolio balance of 226,500 BTC. Markedly, the Michael Saylor-led firm has established itself as one of the biggest supporters of Bitcoin since August 2020.

MicroStrategy Business and Stock Performance

According to its report, MicroStrategy boasts of a 12.2% increase in its Year-to-Date (YTD) BTC Yield. Significantly, the firm considers this metric an important one in measuring its alignment with its Bitcoin strategy.

In the second quarter, the firm implemented a 10-for-1 stock split, as a key highlight of its business. At the time of writing, the firm’s shares closed August 1 trading session down by 6.36% to $1,511.81. However, the After Hours performance has shown some improvements with just 1.06% surge in positive reaction to the earnings report.

Additionally, the business intelligence and software company has reiterated its continued commitment to its Bitcoin strategy. In the report, MicroStrategy acknowledged the huge support Bitcoin and crypto is getting from politicians and institutions.

For context, Phong Le, President and Chief Executive Officer of the firm highlighted the activities and Bitcoin-related discussions at the just concluded Bitcoin Conference.

A Leave From MicroStrategy Bitcoin Playbook

Noteworthy, MicroStrategy is a top role model for traditional firms who are interested in Bitcoin. A few of these companies have admitted to adopting one or two policies from the firm’s Bitcoin playbook to build their individual Bitcoin strategy.

Precisely, Metaplanet which recently joined “Bitcoin for Corporation” is one of such companies that kicked off its Bitcoin accumulation a few months ago.

Barely four months after it commenced accumulation of Bitcoin, the Japanese investment firm confirmed that it has acquired more than 225 BTC with plans to buy more. The desire of these firms to own BTC stems from their confidence in the coin. Largely, this is influenced by Bitcoin’s decentralized nature, its capacity as a store of value and its perceived long-term sustainability.

Quite a number of the firms are pivoting to Bitcoin as an hedge against inflation. Therefore, they are beginning to hold the flagship coin as a strategic reserve asset. Oftentimes, BTC is compared to gold with relation to their prospect. Vocal financial market analyst, Peter Brandt recently weighed in on the Bitcoin versus Gold narrative. Explicitly, he shared his perception of which of the two assets is the best fit as an hedge, highlighting the need for flexibility.

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