MicroStrategy, a listed company in the United States and the dominant Bitcoin holding company, released its second quarter financial report today, with a net loss of US$102.6 million and a loss of US$5.74 per share. The biggest reason for this loss was due to MicroStrategy’s Bitcoin position. An asset impairment of $180.1 million was recognized.
According to records, MicroStrategy spent US$805 million in the second quarter to purchase an additional 12,222 Bitcoins, bringing its Bitcoin holdings to 226,500 Bitcoins, worth approximately US$14.7 billion. The purchase cost of these 226,500 Bitcoins was 8.3 billion. U.S. dollars, with an average purchase price of $36,821.
On the other hand, MicroStrategy introduces "Bitcoin rate of return" as a new key performance indicator, which means that so far this year, its Bitcoin rate of return is 12.2%, and the target for the next three years is an annual rate of return between 4% and 8%. During the period, the company also mentioned that the 10:1 stock split plan, originally announced on July 11, will take effect on August 7.
What attracted the most attention from the market was that MicroStrategy stated that it would issue an additional US$2 billion in shares at market price. It has now submitted a registration statement for this stock issuance plan. MicroStrategy did not disclose what the funds will be used for, but from the historical perspective It seems that the purpose of micro-strategy financing is to buy more Bitcoins.
VanEck CEO: Bitcoin’s market value will be half that of gold
At about the same time, Jan Van Eck, CEO of asset management giant and Bitcoin spot ETF issuer VanEck, said in an exclusive interview with Fox Business Today that Bitcoin spot ETF is almost the most successful product in the history of ETFs. He also mentioned that he Regarding the future price of Bitcoin, it is believed that the market value of Bitcoin will reach half of the total market value of gold, which is approximately US$350,000 per coin:
If central banks adopt Bitcoin and Bitcoin becomes part of the monetary system, millions of dollars will be reached.
Jan Van Eck also cited a recent VanEck report stating that Bitcoin is expected to become a medium of global transactions and a reserve asset. It is estimated that by 2050, the price of each Bitcoin may reach US$2.9 million, equivalent to a total market value of US$61 trillion. .
VanEck predicted in the report that by 2050, Bitcoin will be used to process 10% of the world's international trade and 5% of domestic trade, and central banks will hold 2.5% of Bitcoin assets. According to global economic growth forecasts and currency With the speed of circulation, the potential price of Bitcoin will reach $2.9 million.
