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:财经专题)
- ·RWA“两链一桥”平台在香港金融科技周亮相
- ·理邦仪器:2024年第三季度国际市场收入同比增长,病人监护和体外诊断业务推动增长
- ·比特币一个价格
- ·ETH交易平台芝麻交易所官方下载-芝麻交易所币币杠杆交易所v6.5.7下载地址
- ·全球十大区块链交易所
- ·晓程科技收盘跌1.74%,主力资金净流出1.05亿元
- ·个人所得税补缴是什么意思
- ·安庆有什么好吃的
- ·etc币行情曲线图
- ·如何参与ico私募
- ·pai币跌了多少了
- ·纽约股份公司调查Gnsis的交易以及与Barry Silbrt 的关系
- ·Z世代如何借MEME币实现「逆袭式翻身」:文化反叛、投机热潮与风险博弈
- ·如果200周的趋势线持续下去 比特币价格下个月可能会全面上涨
- ·住房公积金流水打印
- ·only币价格行情-only币价格今日行情
- · okx网页版
- · 十大虚拟货币交易平台app
- · 数字货币交易平台app
- · 数字货币交易app
- · 虚拟货币交易
- · 虚拟货币交易平台有哪些
- · okx官方
- · 虚拟货币交易平台排名
- · 数字货币交易所
- · 加密货币交易所