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:理财)
- ·现在台风在什么位置
- ·10月31日浦银安盛价值成长混合A净值增长0.69%,近3个月累计上涨17.45%
- ·FTX 破產財團起訴 KuCoin 交易所,尋求追回超過 5000 萬美元資產
- ·平安保险有哪些理财型产品?全面解析平安保险理财种类!
- ·应纳税所得额是本人需要补交的钱吗
- ·医保多少钱一个月
- ·贝莱德加大比特币投资布局,持仓量显著提升
- ·九洲集团收盘涨6.02%,主力资金净流入3092.36万元
- ·加密货币牛市即将爆发?美国大选与全球流动性或成关键催化剂
- ·九典制药收盘跌3.13%,主力资金净流出2337.75万元
- ·fil目前产出多少枚
- ·龙源电力收盘涨8.16%,主力资金净流入2727.75万元
- ·DeFi 研究員 Ignas 新文:Crypto 這場遊戲,你如何成為贏家?
- ·10月31日大成恒享夏盛一年定开混合A净值增长0.13%,近3个月累计上涨2.24%
- ·医院发票记账联丢失怎么办
- ·10月31日招商体育文化休闲股票C净值增长0.62%,近3个月累计上涨23.53%
- · 十大虚拟货币交易平台app
- · 数字货币交易所
- · 数字货币交易app
- · 虚拟货币交易
- · okx官方
- · okx网页版
- · 虚拟货币交易平台有哪些
- · 虚拟货币交易平台排名
- · 虚拟货币交易平台排名
- · 数字货币交易平台app