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:风向标)
- · 虚拟货币交易平台排名
- · 欧易交易所 电脑
- · 亿欧交易所下载
- · 数字货币交易所
- · 欧亿app官网正式版下载
- · okx交易所app官网
- · 欧易app官方下载入口
- · okx交易所app官网链接
- ·10月31日广发多因子混合净值增长0.04%,近3个月累计上涨27.84%
- ·交易所芝麻交易所APP下载-芝麻交易所USDT交易平台官方授权版v6.2.9快速安装
- ·10月31日富国消费升级混合A净值下跌0.62%,近1个月累计下跌4.15%
- ·比特币交易平台中币
- ·比特币价格怎么来
- ·Chainlink 价格上涨 30%,摩根大通与 Chainlink 合作或将推动 LINK 价格飙升
- ·ETH、LINK、MKR 提现 [激增]:聪明的投资者是否会抢占新的山寨币季节?
- ·“史上最大空投”:卡尔达诺创始人大胆宣称的背后是什么?
- ·10月31日富国长期成长混合C净值下跌0.93%,近1个月累计下跌2.05%
- ·七宝网数字交易平台