00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Strategy beat Wall Street expectations for the second quarter with revenue of $114.49 million
00:07and adjusted earnings of $32.52 per share. And according to Benzinga Pro,
00:12Bitcoin-focused company doing business as MicroStrategy,
00:15reported total revenue of 2.7% year-over-year, led by strong gains in subscription services.
00:20Company ended the quarter with $50.1 million in cash, up for $38.1 million at the end of 2024.
00:25Executive Chairman Michael Saylor highlighted the July IPO of FTRC,
00:30a variable rate dividend security designed for stability and yield.
00:33Strategy also reported a second quarter Bitcoin gain of $88,109 Bitcoin
00:38and held $593,325 BTC as of June 30th, acquired an average price of $70,982.
00:46Shares rose 1.28% in after-hours trading to $407.
00:50For all things money, visit Benzinga.com.
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