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:基金工具)
- ·厦门建行公积金网点-厦门建行公积金网点查询电话
- ·10月31日国联成长优选混合A净值下跌0.23%,近1个月累计上涨3.16%
- ·AI 代理变革:两大趋势不可不知
- ·10月31日九泰久慧混合A净值下跌0.04%,近1个月累计下跌0.1%
- ·所得税汇算清缴中加油费入什么科目
- ·10月31日农银均衡优选混合C净值下跌0.16%,近1个月累计下跌4.27%
- ·关联业务往来报告表必须申报吗
- ·10月31日华宝动力组合混合C净值增长1.67%,近3个月累计上涨22.29%
- ·苏宁任性付打家长电话么?我开通了苏宁任性付。
- ·芝麻交易所OK钱包app国际版下载-OKCoin钱包全球版v6.4.8下载2023
- ·小树时代的还款日是什么时候?我今天刚从上面借到一笔款。
- ·10月31日华安景气优选混合A净值增长0.30%,近3个月累计上涨17.36%
- ·普通电脑怎么挖以太坊 电脑怎么挖以太坊教程
- ·弥明生活百货(08473.HK)盈警:预期中期纯利同比减少约46%
- ·HTX Ventures 最新研报丨加密角度看 2024 美国大选:可能是从严监管封杀到扶持创新的转折点
- ·百时美施贵宝公司第三季度营收118.9亿美元
- ·保险合同和保单是一回事吗?
- ·10月31日长安先进制造混合A净值下跌0.68%,近1个月累计上涨3.15%
- ·10月31日鹏华鑫华一年持有期混合C净值增长0.16%,今年来累计上涨5.35%
- ·10月31日博道安远6个月持有期混合净值增长0.27%,近3个月累计上涨3.81%
- ·10月31日博时稳益9个月持有混合C净值增长0.05%,今年来累计上涨6.98%
- ·金冠电气:中标金额3937.8万元项目
- ·北京控股(00392)委任德勤为新任核数师
- ·10月31日广发科创板两年定开混合净值增长0.33%,近3个月累计上涨22.08%
- ·10月31日汇添富民安增益定开混合C净值下跌0.07%,近6个月累计下跌1.29%
- ·10月31日汇添富逆向投资混合C净值下跌0.91%,近1个月累计下跌6.8%
- · 虚拟货币交易平台有哪些
- · okx官方
- · 数字货币交易所
- · 全球三大虚拟货币交易平台
- · 虚拟货币交易
- · okx网页版
- · 虚拟货币交易平台排名
- · 数字货币交易平台app
- · 加密货币交易所
- · 虚拟货币交易平台排名