{"id":28823,"date":"2024-09-20T10:57:27","date_gmt":"2024-09-20T14:57:27","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=28823"},"modified":"2024-09-20T21:01:01","modified_gmt":"2024-09-21T01:01:01","slug":"252220-and-whats-the-yield","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/252220-and-whats-the-yield\/","title":{"rendered":"252,220 and What\u2019s The \u201cYield\u201d"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"ltr\"><a href=\"https:\/\/x.com\/saylor\/status\/1837116692209574119?s=43&#038;t=NipKy21fekvPoZS5MA8-lQ\"><\/a><\/div>\n<div dir=\"ltr\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" style=\"border: 1px solid #ccd6dd; border-radius: 12px\" width=\"500\" bgcolor=\"#ffffff\">\n<tbody>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/saylor?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1485632175932383235\/8t0DGo6V_normal.jpg\" style=\"border-radius: 50%; padding: 0px\" height=\"48\" width=\"48\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px\"><img decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/spacer.png\" width=\"8\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/saylor?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: #292c2f; text-decoration: none\">Michael Saylor&#x26a1;&#xfe0f;<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/saylor?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: #7e8c98\">\u2066\u202a@saylor\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/logo_twitter-1497383721365.png\" height=\"20\" width=\"24\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/self_serve\/media\/spacer_464x1-1582829598167.png\" width=\"464\" height=\"1\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: #292c2f; font-size: 18px; line-height: 24px; text-decoration: none\">MicroStrategy has acquired 7,420 BTC for ~$458.2 million at ~$61,750 per <a href=\"https:\/\/x.com\/search?q=%23bitcoin&#038;src=hash\">#bitcoin<\/a> and has achieved BTC Yield of 5.1% QTD and 17.8% YTD. As of 9\/19\/2024, we hodl 252,220 <a href=\"https:\/\/x.com\/search?q=%24BTC&#038;src=ctag\">$BTC<\/a> acquired for ~$9.9 billion at ~$39,266 per bitcoin. <a href=\"https:\/\/x.com\/search?q=%24MSTR&#038;src=ctag\">$MSTR<\/a> <a href=\"https:\/\/t.co\/JUtgztpzBu\"><span>microstrategy.com\/press\/microstr\u2026<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/saylor\/status\/1837116692209574119?s=43&#038;t=NipKy21fekvPoZS5MA8-lQ\" style=\"font-family: Helvetica, Arial, san-serif; color: #667785; font-size: 14px; line-height: 18px; text-decoration: none\">9\/20\/24, 8:08\u202fAM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>MicroStrategy has acquired 7,420 BTC for ~$458.2 million at ~$61,750 per #bitcoin and has achieved BTC Yield of 5.1% QTD and 17.8% YTD. As of 9\/19\/2024, we hodl 252,220 $BTC acquired for ~$9.9 billion at ~$39,266 per bitcoin. $MSTR<\/p>\n<\/div>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">WordPress\u2019d from my personal iPhone,&nbsp;<\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><a href=\"tel:650-283-8008\" dir=\"ltr\" x-apple-data-detectors=\"true\" x-apple-data-detectors-type=\"telephone\" x-apple-data-detectors-result=\"1\">650-283-8008<\/a><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\">, number that&nbsp;Steve Jobs texted me on<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/image0-21.jpeg\" alt=\"image0.jpeg\"><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<div dir=\"ltr\">\n<div><font color=\"#000000\"><span style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\">https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/span><\/font><\/div>\n<div><font color=\"#000000\"><span style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/font><\/div>\n<div>\n<p style=\"margin: 0px; font-style: normal; font-variant-caps: normal; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-variant-emoji: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal\">BTC Yield KPI<\/p>\n<p style=\"margin: 0px; font-style: normal; font-variant-caps: normal; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-variant-emoji: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal\">Yield was 17.8%.<\/p>\n<p style=\"margin: 0px; font-style: normal; font-variant-caps: normal; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-variant-emoji: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal\">From July 1, 2024 to September 19, 2024, the Company&#8217;s BTC Yield was 5.1%. From January 1, 2024 to September 19, 2024, the Company&#8217;s BTC<\/p>\n<p style=\"margin: 0px; font-style: normal; font-variant-caps: normal; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-variant-emoji: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal\">BTC Yield is a key performance indicator (&#8220;KPI&#8221;) that represents the % change period-to-period of the ratio between the Company&#8217;s bitcoin holdings and its Assumed Diluted Shares Outstanding. Assumed Diluted Shares Outstanding refers to the aggregate of the Company&#8217;s actual shares of common stock outstanding as of the end of the applicable period plus all additional shares that would result from the assumed conversion of all outstanding convertible notes, exercise of all outstanding stock option awards, and settlement of all outstanding restricted stock units and performance stock units.<\/p>\n<p style=\"margin: 0px; font-style: normal; font-variant-caps: normal; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-variant-emoji: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal\">The Company uses BTC Yield as a KPI to help assess the performance of its strategy of acquiring bitcoin in a manner the Company believes is accretive to shareholders. The Company believes this KPI can be used to supplement an investor&#8217;s understanding of the Company&#8217;s decision to fund the purchase of bitcoin by issuing additional shares of its common stock or instruments convertible to common stock.<img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/image2-12.jpeg\" alt=\"image2.jpeg\"><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Don&#8217;t be a hater<\/p>\n<p>It takes a genius to do the flywheel he&#8217;s doing<\/p>\n<p>And he&#8217;ll get away with it<\/p>\n<p>All while reasuring his customers, his strategy is yielding results<\/p>\n<p>Has nothing to do with storage<\/p>\n<div class=\"postie-post\">\n<div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<div>\n<p style=\"margin: 0px; font-style: normal; font-variant-caps: normal; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-variant-emoji: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/image3-3.png\" alt=\"image3.png\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/image4-8.jpeg\" alt=\"image4.jpeg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2659-1.jpg\" class=\"size-full wp-image-28829\" width=\"1284\" height=\"1529\" srcset=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2659-1.jpg 1284w, https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2659-1-252x300.jpg 252w, https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2659-1-860x1024.jpg 860w, https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2659-1-768x915.jpg 768w\" sizes=\"auto, (max-width: 1284px) 100vw, 1284px\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2660-1.jpg\" class=\"size-full wp-image-28828\" width=\"980\" height=\"2000\" srcset=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2660-1.jpg 980w, https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2660-1-147x300.jpg 147w, https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2660-1-502x1024.jpg 502w, https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2660-1-768x1567.jpg 768w, https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/09\/img_2660-1-753x1536.jpg 753w\" sizes=\"auto, (max-width: 980px) 100vw, 980px\" \/><\/p>\n<\/div>\n<div><span style=\"font-size: 13pt\"><br \/>\n<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; Michael Saylor&#x26a1;&#xfe0f; \u2066\u202a@saylor\u202c\u2069 MicroStrategy has acquired 7,420 BTC for ~$458.2 million at ~$61,750 per #bitcoin and has achieved BTC Yield of 5.1% QTD and 17.8% YTD. As of 9\/19\/2024, we hodl 252,220 $BTC acquired for ~$9.9 billion at ~$39,266 per bitcoin. $MSTR microstrategy.com\/press\/microstr\u2026 &nbsp; 9\/20\/24, 8:08\u202fAM &nbsp; &nbsp; MicroStrategy has acquired 7,420 BTC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-28823","post","type-post","status-publish","format-standard","hentry","category-the-bitcoin-wave"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/28823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=28823"}],"version-history":[{"count":2,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/28823\/revisions"}],"predecessor-version":[{"id":28833,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/28823\/revisions\/28833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/28824"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=28823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=28823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=28823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}