Bitcoin largest corporate holder, MicroStrategy (now renamed Strategy), releases its Q4 2024 earnings report, focusing on its BTC investments and other key financial metrics.
The company released the report on February 5, emphasizing that Q4 2024 marked its largest-ever quarterly increase in its Bitcoin holdings.
According to the report, Strategy added 218,887 Bitcoin in Q4 2024 alone. This brought its total holdings to 447,470 BTC as of December 31, 2024. This acquisition costs the company a whopping $20.5 billion.
It achieved this feat through its unending capital-raising efforts, including offering convertible notes.
Strategy’s BTC Yield Hits 74% in 2024
Notably, it reported a BTC Yield of 74.3% for 2024. This indicator measures the rate at which Strategy grows its Bitcoin holdings. With the company registering a yield of 74.3%, it revised its 2025 annual target to over 15%.
Interestingly, Strategy introduced a new KPI, BTC $ gain, to track the performance of its Bitcoin holdings. It aims to generate a dollar BTC gain of at least $10 billion by the end of this year.
Recall that Strategy held a total of 447,470 BTC on December 31, 2024. It sets $23.909 billion as the carrying cost of the Bitcoin holdings. Additionally, the company claimed that it acquired the Bitcoins at an aggregate cost of $27.968 billion, each valued at $62,503.
The market value of Strategy’s Bitcoin holdings as of December 31, 2024, was $41.789 billion at the price of $93,390 per BTC.
Fourth Quarter Losses
Meanwhile, Strategy’s operational expenses skyrocketed to $1.103 billion in Q4, marking a 693.2% increase compared to the figure registered in the previous quarter.
This stems from the impairment losses of $1.006 billion Strategy registered on its digital asset holdings in Q4. It bears mentioning that Strategy’s digital assets impairment loss was around $39.2 million in Q4 2023.
Following its high operational expenses, Strategy disclosed a net loss of $670.8 million, or $3.03 per share, compared to the $0.50 registered in the previous year.
Despite its Q4 loss, Strategy still continued with its Bitcoin acquisition efforts this year, growing its total holdings to 471,107 BTC, valued at $46.5 billion at the current price of $98,712. In the meantime, Strategy’s share is down 3.33% over the past 24 hours to $336.7.
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