MicroStrategy has announced its financial results for the third quarter of 2024. As of the end of the third quarter, the company held 252,220 BTC, representing a year-to-date BTC yield of 17.8%.
The company also announced a $42 billion capital plan, stating that under the leadership of Executive Chairperson Michael Saylor, the company will raise $21 billion in equity and issue $21 billion in bonds over the next three years, and use the additional capital to purchase more bitcoin as a financial reserve asset in order to achieve higher BTC earnings.
MicroStrategy's most recent disclosure came in mid-September, when it announced that it had bought 7,420 bitcoins for $458.20 million, bringing its holdings to 252,220.
MicroStrategy plans to raise $42 billion to buy more bitcoin in the next three years
2024-10-30 21:00:42
Microstrategy announcement 2024 third quarter financial results closing third quarter company holdingdesk3cryptocurrencydesktopCrypto News
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