Micro Strategy Plan to raise $42 billion over the next three years to purchase more Bitcoin
MicroStrategy, the publicly traded company with the largest holdings of Bitcoin worldwide, announced its third quarter financial report on Wednesday, highlighting a 5.1% increase in its BTC yield and a new plan to raise $42 billion in capital.
Micro Strategy has announced its "21/21 Plan" with the goal of raising $42 billion over the next three years, of which $21 billion will be raised through equity and the remaining $21 billion will be raised through fixed income securities. The plan aims to support further purchases of Bitcoin as part of its financial reserve strategy.
Financial report status
As of September 30th, Micro Strategy holds approximately 252220 bitcoins with a market value of approximately $16 billion. The company reported a BTC yield of 17.8% year to date, which is a metric used by the company to evaluate the performance of its Bitcoin strategy.
In the third quarter, Micro Strategy raised $2.1 billion through equity and debt financing, increased Bitcoin holdings by 11%, and reduced annual interest expenses by $24 million. The company's total revenue for this quarter was $116 million, lower than market estimates by approximately $8 million, a decrease of 10.3% compared to the same period last year, mainly due to a decline in product licensing and support revenue.
The operating expenses for the third quarter reached $514.3 million, mainly due to a $412 million impairment loss on digital assets, resulting in an operating loss of $432.6 million. The quarterly net loss was $340.2 million, or a diluted loss of $1.72 per share. According to Yahoo Finance, the total market value of micro strategies before the deadline is $50.1 billion.
21/21 Plan
Looking ahead, Micro Strategy has adjusted its BTC yield target for 2025-2027 to between 6% and 10%, reflecting a more cautious outlook amidst market volatility. The company has announced a new mark to market stock issuance plan, with a maximum amount of $21 billion, which will be used to acquire more Bitcoin and enhance shareholder value.
President and CEO Phong Le said, "The third quarter is another critical quarter for us. Our focus remains on leveraging digital assets to drive shareholder value, and our 21/21 plan sets a clear path for future growth
MSTR fell 4.23% during normal trading hours on Wednesday, and fell about 12% in after hours trading (eventually recovered to 1.71%), closing at $242.96. Since the beginning of the year, the stock has risen by over 250%.
data source
(责任编辑:商业观察)
- 小赢卡贷打回访电话吗?一般会不会主动与我沟通啊?
- 10月31日建信高端医疗股票A净值下跌0.08%,今年来累计下跌9.05%
- ABCDE 投研合夥人:從一級市場視角談以太坊當前「困境」
- 10月31日华商健康生活混合净值下跌0.32%,近1个月累计上涨0.22%
- BingX 榮獲 Blockchain Life 2024「年度最佳中心化加密交易所」
- 如何在OKX|欧意手机上下载并安装应用程序
- 稳岗补贴是给个人还是给公司
- 10月31日中欧产业领航混合A净值增长0.44%,近3个月累计上涨14.9%
- 宜人贷已还清,再贷款审核需要什么条件吗,有人了解吗?
- 工行信用卡余额查询方法有哪些?用信用卡消费好几次了,不知道还有多少余额。
- HashKey Group 董事长兼 CEO 肖风博士 SmartCon 2024 演讲全文:「上链」与「在链」
- 10月31日财通优势行业轮动混合C净值增长0.50%,近3个月累计上涨10.52%
- 火币赚币活期产品再升级:13款主流资产获加息补贴,提升收益机会
- 比特币单位变革:BIP-177提案引发社区热议
- 五台山今天什么日子
- 如果你在 2020 年投资 1,000 美元于 SHIB,那么现在你将拥有以下金额
- 如果SHIB市值达到以太坊一半,其价格或将飙升至0.0002428美元
- 10月31日中银颐利混合A净值下跌0.76%,今年来累计下跌3.55%
- 人人贷系列产品服务有哪些呢?我想从人人贷上申请贷款。
- 币交易平台币
- 加密货币交易所 views+
- 虚拟货币交易平台排名 views+
- 虚拟货币交易平台有哪些 views+
- 十大虚拟货币交易平台app views+
- 数字货币交易所 views+
- okx官方 views+
- 虚拟货币交易 views+
- 全球三大虚拟货币交易平台 views+
- 虚拟货币交易平台排名 views+
- okx网页版 views+