2024

Value

Bitcoin

Billion

<p>MicroStrategy, the biggest company holder of Bitcoin, recently shared its Q3 2024 financial results, showing its commitment to <a href="https://coinpedia.org/news/bitcoin-price-prediction-for-november-what-to-expect-as-oct-ends-with-14-4-gain/">Bitcoin</a> and digital growth as the main strategies to increase shareholder value. </p>   
<p>Here’s a breakdown of MicroStrategy’s earnings and plans for future growth. Dive right in. </p>   
<h2 class="wp-block-heading" id="h-microstrategy-amp-bitcoin-a-love-story">MicroStrategy &amp; Bitcoin: A Love Story! </h2>   
<p>In 2020, MicroStrategy made headlines as one of the first major companies to adopt Bitcoin as its main treasury asset. This quarter, it increased its holdings by adding 25,889 BTC, bringing its total to 252,220 BTC, valued at around $18 billion. The company acquired this latest batch at an average price of $60,839 per BTC, underscoring its commitment to a long-term Bitcoin strategy.</p>   
<p>With an average acquisition cost of $39,266 per BTC, MicroStrategy’s Bitcoin position is currently profitable. Its strategic buying approach has boosted shareholder value as Bitcoin’s market price has risen, showcasing the company’s effective timing and financial management.</p>   
<h2 class="wp-block-heading" id="h-balancing-debt-and-capital-flexibility">Balancing Debt and Capital Flexibility</h2>   
<p>MicroStrategy uses a mix of debt and equity to balance its finances. With $4.3 billion in convertible debt and $1.1 billion raised through new shares, the company has managed to support its Bitcoin growth while keeping $836 million in cash for plans.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/AllenHODL/status/1851768007153873139 
 </div>
</figure>   
<h2 class="wp-block-heading" id="h-big-funding-goals-for-2025-2027">Big Funding Goals for 2025-2027</h2>   
<p>MicroStrategy has set large funding goals for the coming years, aiming to raise more money through shares and fixed-income products. This flexible approach lets the company adjust as needed, setting an example for others looking to add Bitcoin to their finances.</p>   
<h2 class="wp-block-heading" id="h-growing-revenue-from-software">Growing Revenue from Software</h2>   
<p>MicroStrategy’s software business is also performing well, with subscription billings up 93% year-over-year, reaching $32.4 million. This growth shows the company’s ability to build both a solid software business and a BTC treasury, offering a diversified model that could inspire other corporations.</p>   
<h2 class="wp-block-heading" id="h-reducing-risk-smartly">Reducing Risk Smartly</h2>   
<p>MicroStrategy paid off $500 million in secured notes, lowering its debts and cutting fixed-interest costs by 40%. These moves add security to its BTC holdings, showing how the company manages risk while growing.</p>   
<h2 class="wp-block-heading" id="h-setting-btc-yield-goals">Setting BTC Yield Goals</h2>   
<p>MicroStrategy has set a yearly <a href="https://x.com/AllenHODL/status/1851768021024420248">BTC yield target of 6-10%</a>, using a BTC/share ratio as a key measure. This goal reflects their focus on getting the most Bitcoin value per share, which could interest other businesses looking at Bitcoin.</p>   
<h2 class="wp-block-heading" id="h-outperforming-btc-and-stock-indices">Outperforming BTC and Stock Indices</h2>   
<p>Since adopting its Bitcoin-focused approach, MicroStrategy’s stock has outperformed both Bitcoin and major stock indexes, showing the positive effects of well-managed growth.</p>   
<h2 class="wp-block-heading" id="h-ceo-s-vision-a-42-billion-growth-plan">CEO’s Vision: A $42 Billion Growth Plan</h2>   
<p>Recently, MicroStrategy’s CEO, Michael Saylor, announced a bold $42 billion plan, split between an equity offering and fixed-income products. This plan highlights their vision for bigger moves ahead.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/saylor/status/1851718391889043954 
 </div>
</figure>   
<p>MicroStrategy’s Q3 2024 report shows its ongoing leadership in corporate BTC adoption, merging Bitcoin strategy with business growth to increase shareholder value.&nbsp;</p>   
<p><strong>As Bitcoin’s biggest corporate believer, MicroStrategy is showing the world that bold bets on digital assets can pay off in both growth and vision.</strong></p>

MicroStrategy Q3 2024 Earnings Report: Bitcoin Holdings Hit 252,220 BTC

Table of Contents

CoinPedia News

Other articles published on Oct 31, 2024

The Canadian Factors Making Bitcoin’s $100K Milestone Possible

Bitcoin ETFs See Their Biggest Inflow Since March! BlackRock Sets a New Record!

Stablecoins Are Driving Record Demand For Treasury Bonds: What Is Behind This Trend?

Here’s Why Rollblock Is Being Compared to SUI and Ethereum Classic!

Bitcoin investors pile $875M into BlackRock fund amid crypto rally

XRP Among Worst Performers in Last Week’s Market Rally

Join our free newsletter for daily crypto updates!