MicroStrategy (MSTR) introduced on Wednesday that it plans to lift $42 billion over the following 3 years to buy extra BTC for its steadiness sheet, and enhance “BTC yield” for its shareholders.
- In its Q3 earnings release, the corporate mentioned that the “21/21 Plan” would contain elevating $21 billion by ATM fairness choices, and $21 billion in fixed-income securities.
- As a Bitcoin Treasury Firm, we plan to make use of the extra capital to purchase extra bitcoin as a treasury reserve asset in a way that may enable us to attain greater BTC Yield,” mentioned Phong Le, President and Chief Government Officer of MicroStrategy.
- The corporate’s new targets for annual BTC yield have risen to between 6% and 10%, achieved by executing such raises and choices on the proper time.
- MicroStrategy additionally reported a $412 million impairment loss on its digital property, indicating that it’s but to undertake honest worth accounting for its enterprise.
- MicroStrategy govt chairman Michael Saylor introduced this month that he plans to evolve MicroStrategy right into a trillion-dollar Bitcoin financial institution. MSTR inventory soared to 20-year highs shortly after this promise.
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