MicroStrategy recorded a Bitcoin revenue of 14 billion USD in the second quarter, with the performance of preferred stocks being excellent, making it a good fundraising helper.

The pioneer of Bitcoin reserve strategy, MicroStrategy Strategy (, formerly known as MicroStrategy), has good news in the second quarter! Due to the rebound in Bitcoin prices and recent accounting changes, Strategy realized an unrealized gain of $14.05 billion in the second quarter. Strategy also announced the issuance of $4.2 billion in preferred stock STRD in the market, with proceeds used for general corporate purposes, including the acquisition of Bitcoin. The stock prices of the three preferred stocks STRK, STRF, and STRD performed exceptionally well after issuance, making them popular fundraising tools among investors.

The CFO confirmed that the 14 billion USD Bitcoin unrealized gains.

Due to the rebound in Bitcoin prices and recent accounting changes, Strategy achieved an unrealized gain of $14.05 billion in the second quarter. The company stated in a filing with the U.S. Securities and Exchange Commission on Monday that this unrealized gain will be partially offset by $4.04 billion in related deferred tax expenses.

In the first quarter of this year, Strategy adopted an accounting change requiring the valuation of the company's current approximately $64 billion in Bitcoin at market prices. Strategy and other companies that purchased Bitcoin are now aware that these unrealized gains and losses can lead to significant fluctuations in earnings. Strategy's first-quarter loss set a record, reaching $4.2 billion, at a time when the price of Bitcoin plummeted by 12%.

( Bitcoin valuation new system effective, Strategy quarterly profit突破 10 billion dollars, brokerage firm sets target price at 590 dollars )

To issue 4.2 billion preferred shares of STRD

Strategy announced the issuance of $4.2 billion worth of 10% perpetual preferred shares STRD in the market. The proceeds will be used for general corporate purposes, including the acquisition of Bitcoin.

(Strategy to reissue preferred shares, STRD does not guarantee dividends, will investors still buy in? )

The Strategy's STRK, STRF, and STRD perpetual preferred stock ATM program is a supplement to the company's "42/42" plan, which aims to raise a total of $84 billion for Bitcoin acquisition through stock issuance and convertible notes by 2027. According to the latest statistics in the table below.

Equity: The common stock MSTR has issued 23.9 billion, with a remaining quota of 18.1 billion USD.

Fixed Income: Includes convertible bonds and preferred stocks, with a remaining quota of 34.1 billion dollars.

Investors prefer high-dividend preferred stocks.

The preferred stock STRK issued by Strategy at the end of January ( has the characteristic of being convertible into common stock MSTR, with a dividend of 8%, an issuance price of 80 USD, and has now risen to 120.4 USD, achieving a half-year increase of up to 51%.

The STRF issued in March ) has a green line in the figure below (, and the preferred stock has a high dividend of 10%, which is sustainably cumulative and has an issuance price of 85 USD. It has now risen to 117.7 USD, with an increase of up to 38%.

The STRD issued in early June ) in the chart below with the orange line ( has a 10% non-cumulative dividend, with a repayment priority lower than the previous STRF and STRK. The issuance price was $85, and it has now risen to $95.3, an increase of 12%.

How should investors choose suitable targets for themselves?

Saylor uses a simple coordinate table, displaying volatility on the X-axis )Volatility( and seniority on the Y-axis )Seniority(, making it easier for investors to choose suitable targets according to their own risk profiles.

Investors who prefer higher volatility can choose common stock MSTR and convertible preferred stock STRK. Those who love high returns and the safest options can choose STRF.

According to the trading volume and liquidity statistics provided by the company, the products launched by Strategy in the financial markets are highly favored by investors.

This article states that MicroStrategy recorded a revenue of 14 billion in Bitcoin in the second quarter, and the performance of preferred shares has been excellent, serving as a good aid for fundraising. It first appeared in Chain News ABMedia.