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
相关文章:
相关推荐:
- 东数西算概念31日主力净流出14.27亿元,拓维信息、科蓝软件居前
- 美因基因(06667)10月31日斥资98.54万港元回购12.78万股
- 比特币交易怎么下载软件啊?比特币官方交易平台
- 4连板润农节水:实控人变更事项能否最终实施尚存在不确定性
- 10月31日融通中国风1号灵活配置混合A/B净值增长0.53%,近3个月累计上涨10.15%
- 创业板综概念31日主力净流出161.13亿元,润和软件、软通动力居前
- 10月31日前海开源价值策略股票净值增长0.91%,近3个月累计上涨8.37%
- 鸿蒙概念31日主力净流出58.39亿元,润和软件、拓维信息居前
- 10月31日中银创新医疗混合C净值下跌1.98%,近1个月累计下跌8.84%
- 低空经济概念31日主力净流出52.78亿元,宗申动力、海能达居前