Strong BTC Performance, Massive Unrealized Loss

In its May 1 earnings release, the firm said its Bitcoin yield translated to more than 61,000 BTC, valued at approximately $5.8 billion. CFO Andrew Kang stated that the company now aims for a 25% Bitcoin yield and $15 billion in gains by year’s end.

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However, Strategy reported $111.1 million in revenue, down 3.6% year-over-year and about 5% below analyst expectations. Its net loss hit a staggering $4.2 billion, or $16.49 per share, far worse than the expected $0.11 per-share loss. This was mainly due to a $5.9 billion unrealized loss on its Bitcoin holdings.

New Capital, Stock Slightly Up

To continue purchasing Bitcoin, Strategy announced a $21 billion stock offering, a bold move despite its Q1 losses.

Shares of MSTR closed 0.39% higher at $381.60 on May 1, slipping slightly to $378.50 in after-hours trading. The stock is up 31.5% year-to-date but remains below its November high of $470.

Since 2020, Strategy has acquired more than 550,000 BTC, with an average price of around $68,500. The firm’s Bitcoin holdings now exceed $53 billion in market value.

Strategy remains the largest Bitcoin-holding public company. Public firms hold over $73 billion in BTC, while institutional funds manage an additional $128 billion, per BitcoinTreasuries.NET.

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The post Strategy Misses Estimates Despite 14% YTD Bitcoin Yield in Q1 appeared first on Coin Engineer.

The campaign will run from December 17, 2024, 00:00 (UTC) to December 31, 2024, 23:59 (UTC). A total of 2,255,706.94 WOO will be distributed, with 150,380.46 WOO shared daily among participants.

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These rewards provide an extra boost to the existing Binance SOL Staking rates, helping to maximize your earnings. Users can claim WOO Rewards daily or wait for them to be automatically credited to their Spot Wallet at the end of the campaign.

How to Claim Your Rewards?

WOO APR Boost Airdrop Rewards will be available for daily claims starting from December 18, 2024, 05:30 (UTC). To claim your rewards:

• Visit the SOL Staking page.
• Click the [Claim Rewards] button.
• Unclaimed rewards will be automatically airdropped to your Spot Wallet after the campaign ends on January 1, 2025, 05:30 (UTC).

What is BNSOL and Why is it Important?

BNSOL represents your staked SOL plus staking rewards in a tradable and transferable format. Unlike traditional staking that locks your assets, BNSOL offers the following flexibility:

Tradable: BNSOL can be bought and sold on the Binance Spot Market or other crypto platforms.
DeFi Compatible: Use BNSOL in off-Binance DeFi applications for additional earning opportunities.
Flexible Rewards: BNSOL allows your staking rewards to accumulate even while your assets are used elsewhere.

How to Get BNSOL?

Users can obtain BNSOL through the following methods:

Stake SOL: Go to [Earn] > [SOL Staking] and stake SOL to receive BNSOL.
Use Binance Wallet: Convert your SOL to BNSOL via Binance Wallet.
Buy on Spot Market: Purchase BNSOL from the Spot Market, Auto-Invest, or the Buy Crypto page.

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