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)
- ·snt币价格
- ·10月31日兴全商业模式优选混合净值下跌0.44%,近1个月累计上涨0.15%
- ·跨省分公司可以非独立核算吗
- ·保单是否属于被保险人的资产呢?
- ·厦门公积金电话查询
- ·欧意易易在交易所排第几?2022最新全球加密货币交易所排名前十有谁?
- ·合约跌多少爆仓
- ·如何获取eos
- ·LTC莱特币交易行情
- ·人在广东但是信用卡在海南申请的可以申请宜人贷吗,申请有什么要求吗?
- ·比特币香港价格
- ·浩物股份第二大股东申万宏源产业投资管理有限责任公司减持532.27万股
- ·富途计划推出更多主流币种充提功能
- ·10月31日国投瑞银国家安全混合C净值增长0.19%,近6个月累计上涨15.02%
- ·小赢卡贷申请条件有哪些?怎么申请啊?
- ·USDT什么软件比较好的 十款好用的usdt软件合集
- · 数字货币交易所
- · okx官方
- · 数字货币交易app
- · okx网页版
- · 十大虚拟货币交易平台app
- · 数字货币交易平台app
- · 虚拟货币交易平台排名
- · 虚拟货币交易平台有哪些
- · 全球三大虚拟货币交易平台
- · 虚拟货币交易
- ·宜人贷普通模式需要线下审核吗,申请过的人能说一下吗?
- ·日币行情价格行情
- ·HashKey Group Chairman and CEO Dr. Feng Xiao's speech at SmartCon 2024: On chain and On chain
- ·24节气惊蛰怎么读-24个节气惊蛰怎么读
- ·微策略創辦人稱川普支持不對比特幣課稅,外媒:假消息!
- ·建行龙卡joy信用卡好不好,有什么权益吗?
- ·玖富万卡的额度激活失败了该怎么办呢?
- ·中信信金宝需要的资料有哪些?我提交的申请初审已经通过了。
- ·比特币冲刺历史新高!纳指、黄金创下新纪录,牛市狂欢一触即发?
- ·美元债异动|路劲ROADKG 7 PERP价格下跌6.623%报20.425