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:金店)
- ·产检用社保卡支付能报销吗?
- ·10月31日富国精准医疗混合A净值下跌0.82%,近1个月累计下跌5.75%
- ·10月31日天治低碳经济混合净值增长1.62%,近3个月累计上涨23.05%
- ·10月31日海富通成长领航混合A净值增长1.35%,近3个月累计上涨28.07%
- ·10月31日天治趋势精选混合净值增长2.97%,近1个月累计上涨0.27%
- ·买比特币选哪个平台好
- ·10月31日浦银安盛先进制造混合A净值下跌0.52%,近1个月累计下跌0.42%
- ·10月31日富国浦诚回报12个月持有混合A净值下跌0.08%,近6个月累计下跌1.22%
- ·10月31日华泰柏瑞匠心汇选混合C净值增长0.01%,近3个月累计上涨7.02%
- ·10月31日交银启汇混合C净值下跌1.45%,今年来累计下跌7.53%
- ·10月31日富国兴享回报6个月持有期混合A净值增长0.10%,近3个月累计上涨3.71%
- ·10月31日诺安新经济股票净值下跌0.07%,近1个月累计下跌1.69%
- ·10月31日融通新消费灵活配置混合净值下跌0.91%,近6个月累计下跌4.62%
- ·欧盟对Temu启动是否销售非法产品的调查
- ·10月31日博时裕益混合净值增长0.13%,今年来累计上涨16.77%
- ·交强险是多少钱
- ·10月31日安信新价值混合C净值下跌0.18%,近1个月累计下跌0.64%
- ·平安保险有哪些理财型产品?全面解析平安保险理财种类!
- ·OKX易欧,欧易欧意okx的数字货币交易平台
- ·什么是保险委托人?他们在保险业务中扮演什么角色?