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:财富观察)
- ·theta价格今日行情价格
- ·gram币交易平台
- ·虚拟币在线钱包-虚拟币在线钱包被盗的概率
- ·国内几大交易平台-国内几大交易平台排名
- ·秋天最适合吃什么菜-秋天最适合吃什么菜类
- ·建筑装饰公司可以开材料费的发票吗
- ·如何网上申报实收资本印花税
- ·以太币怎么购买?欧意易易平台购买ETH币教程
- ·股票停牌半年-股票停牌半年还没开盘
- ·BTC跌破93000美元,24小时跌幅1.84%需注意风险
- ·破产加密货币交易所 FTX 将于月底向债权人支付 54 亿美元
- ·安泰科技收盘涨5.54%,主力资金净流入9438.65万元
- ·币安生态掘金指南:BNB持有与Alpha积分策略全解析
- ·帝科股份(300842.SZ):1-3季度公司光伏导电银浆实现销售1581.16吨,同比增长41.40%
- ·狗狗币(DOGE)0.21美元筑底成功,狂暴拉升突破0.24!下一站0.28?
- ·派币今天最新官方消息真实 派币2023能成功吗(不能成功)
- · 全球三大虚拟货币交易平台
- · 数字货币交易app
- · 数字货币交易所
- · 加密货币交易所
- · 数字货币交易平台app
- · 十大虚拟货币交易平台app
- · 虚拟货币交易
- · 虚拟货币交易平台排名
- · okx网页版
- · 虚拟货币交易平台排名