New BTC

Bitcoin

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<ul class="wp-block-list">
 <li>MicroStrategy’s 21/21 Plan targets $42B in funding, split between equity and fixed-income for Bitcoin growth.</li>  
 <li>Q3 revenue fell by 10.3% amid lower product sales, with operating losses at $432.6M and net loss at $340.2M.</li>  
 <li>New BTC Yield target set to 6-10% for 2025-2027, reflecting caution in volatile markets for future stability.</li> 
</ul>  
<p>MicroStrategy <a href="https://www.businesswire.com/news/home/20241030040519/en/MicroStrategy-Announces-Third-Quarter-2024-Financial-Results-%C2%A0Holds-252220-BTC-with-BTC-Yield-of-17.8-YTD-%C2%A0Announces-42-Billion-Capital-Plan" target="_blank" rel="noopener noreferrer nofollow">announced</a> its third quarter results and revealed a 5.1% rise in BTC Yield. The company also announced an ambitious 21/21 Plan to raise $42 billion within the next three years in order to fuel the company's Bitcoin acquisition strategy.</p>  
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<h2 class="wp-block-heading" id="h-strategy-and-financial-targets"><strong>Strategy and Financial Targets</strong></h2>  
<p>MicroStrategy’s 21/21 Plan will split the $42 billion target evenly between equity and fixed-income securities, with $21 billion each. According to the company, this dual approach will reinforce its treasury reserve strategy, intending to <a href="https://cryptonewsland.com/microstrategy-to-buy-900-million-in-bitcoin-increasing-their-crypto-holdings/" target="_blank" rel="noopener noreferrer nofollow">increase its Bitcoin holdings</a> and strengthen capital reserves.</p>  
<p>As of September 30, MicroStrategy <a href="https://treasuries.bitbo.io/microstrategy/" target="_blank" rel="noopener noreferrer nofollow">owns</a> about 252,220 Bitcoins. In spite of its assets, MicroStrategy achieved a 17.8% BTC Yield so far this year, showing a steady but careful attitude towards its cryptocurrency investments during volatile market conditions.</p>  
<h2 class="wp-block-heading" id="h-revenue-and-expense-report"><strong>Revenue and Expense Report</strong></h2>  
<p>MicroStrategy posted $116.1 million in revenue for the third quarter, falling short of estimates by $8 million and reflecting a 10.3% decline from last year. The shortfall stemmed from lower product license and support revenues.&nbsp;</p>  
<p>The company raised $2.1 billion in Q3 through equity and debt, expanding its Bitcoin reserves by 11% while managing to reduce annual interest expenses by $24 million.</p>  
<p>Operating expenses reached $514.3 million, largely driven by $412.1 million in impairment losses on digital assets. Consequently, MicroStrategy reported a loss from operations amounting to $432.6 million. The net loss for Q3 was $340.2 million, translating to $1.72 per diluted share.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-new-btc-yield-target-amid-market-adjustments"><strong>New BTC Yield Target Amid Market Adjustments</strong></h2>  
<p>In anticipation of the future, MicroStrategy has revised its Bitcoin Yield goal for 2025–2027 to a more modest 6–10% range, showing a careful strategy due to continued market instability.&nbsp;</p>  
<p>In order to strengthen its assets, the company has declared a new at-the-market equity offering of up to $21 billion for more Bitcoin purchases and improving shareholder value.</p>  
<p>MicroStrategy’s stock saw a sharp reaction following the announcement. Despite these fluctuations, company leadership remains committed to its Bitcoin strategy.</p> 
<p>The post <a href="https://cryptonewsland.com/microstrategys-21-21-plan-aims-to-raise-42-billion/" rel="noopener noreferrer nofollow">MicroStrategy’s 21/21 Plan Aims to Raise $42 Billion, Expands Bitcoin Holdings Despite Q3 Losses</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

MicroStrategy’s 21/21 Plan Aims to Raise $42 Billion, Expands Bitcoin Holdings Despite Q3 Losses

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