{"id":31714,"date":"2024-10-31T18:00:41","date_gmt":"2024-10-31T15:00:41","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31714"},"modified":"2024-10-31T13:03:29","modified_gmt":"2024-10-31T10:03:29","slug":"microstrategy-aims-to-buy-more-bitcoin-with-42-billion-fundraising-plan","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/microstrategy-aims-to-buy-more-bitcoin-with-42-billion-fundraising-plan\/","title":{"rendered":"MicroStrategy Aims to Buy More Bitcoin with $42 Billion Fundraising Plan"},"content":{"rendered":"

MicroStrategy, the world\u2019s largest institutional bitcoin investor, announced its third-quarter financial results and announced plans to raise $42 billion over the next three years in line with its bitcoin strategy. Dubbed the \u201c21\/21 Plan,\u201d the strategy aims to raise $21 billion from stocks and the other $21 billion from fixed-income securities. The company plans to use these funds to support its treasury reserve strategy by purchasing additional bitcoin.<\/p>\n

MicroStrategy currently holds approximately 252,220 bitcoins, bringing the market value of these assets to $16 billion. The BTC Yield Rate since the beginning of 2023 has been reported as 17.8%, a metric the company uses to evaluate the performance of its bitcoin strategy. In the third quarter, MicroStrategy raised $2.1 billion in capital, increasing its bitcoin holdings by 11% and reducing its annual interest expense by $24 million.<\/p>\n

The company reported revenue of $116.1 million, but this was about 5% below market expectations of $122.66 million. The 10.3% annual decline in revenue was attributed primarily to lower product license and support revenues. Third-quarter operating expenses rose to $514.3 million due to a $412.1 million write-down on digital assets, while operating losses totaled $432.6 million. Net losses were reported as $340.2 million.<\/p>\n

Might interest you: What is BabyDoge?<\/a><\/em><\/p>\n

MicroStrategy, which has set its bitcoin return expectations between 6% and 10% for the coming years, has set a more cautious target due to market volatility. It aims to raise an additional $21 billion through a new at-the-market stock offering program, which will be used to purchase bitcoin and increase shareholder value. \u201cThe third quarter was a turning point for us. We are focused on increasing shareholder value with digital assets,\u201d said Phong Le, the company\u2019s president and CEO.<\/p>\n

MSTR shares fell more than 8% in after-hours trading after falling 4% in regular trading. Yet the stock is up more than 250% since the beginning of the year.<\/p>\n

\n

You can join our Telegram<\/a> <\/strong>channel to not miss the news and stay informed about the crypto world.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

MicroStrategy, the world\u2019s largest institutional bitcoin investor, announced its third-quarter financial results and announced plans to raise $42 billion over the next three years in line with its bitcoin strategy. Dubbed the \u201c21\/21 Plan,\u201d the strategy aims to raise $21 billion from stocks and the other $21 billion from fixed-income securities. The company plans to<\/p>\n","protected":false},"author":6,"featured_media":31589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[61,60,1494,1496,1497],"class_list":["post-31714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-bitcoin","tag-btc","tag-microstrategy","tag-microstrategy-bitcoin","tag-microstrategy-bitcoin-holdings"],"yoast_head":"\nMicroStrategy Aims to Buy More Bitcoin with $42 Billion Fundraising Plan - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/microstrategy-aims-to-buy-more-bitcoin-with-42-billion-fundraising-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MicroStrategy Aims to Buy More Bitcoin with $42 Billion Fundraising Plan - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"MicroStrategy, the world\u2019s largest institutional bitcoin investor, announced its third-quarter financial results and announced plans to raise $42 billion over the next three years in line with its bitcoin strategy. 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