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Some of the information we provide during today's call regarding our future expectations, plans, and prospects may constitute forward-looking statements. Bitcoin ETPs also benefit from this, offset by the managementfees that are charged for those products. Many companies have gone through this transition.
We continue to strive as we have from the very beginning, to be as transparent and detailed as we can about our business and prospects, especially in the context of ongoing challenges in the macro economy that we are all experiencing and in the regulated cannabis industry in particular, which we have noted in the past several calls.
Our ability to serve these customers represents a powerful illustration of how Blackstone has become a trusted solutions provider on a massive global scale to many of the largest and most valuable companies in the world. Fee-related earnings were $1.2 per share, up 5% year over year, underpinned by the growth in managementfees.
Some of the information we provide during today's call regarding our future expectations, plans and prospects may constitute forward-looking statements. Management uses BTC to evaluate capital allocation decisions and to measure the achievement of our strategy. And what does the company do? It prospects and drills.
Some of the information we provide during today's call regarding our future expectations, plans, and prospects may constitute forward-looking statements. I'll be your moderator for MicroStrategy's 2024 second-quarter earnings webinar. Before we proceed, I will read the Safe Harbor statement. But we think it's pretty clear.
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