MicroStrategy, the biggest company holder of Bitcoin, recently shared its Q3 2024 financial results, showing its commitment to Bitcoin and digital growth as the main strategies to increase shareholder value.
Here’s a breakdown of MicroStrategy’s earnings and plans for future growth. Dive right in.
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.
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.
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.
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.
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.
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.
MicroStrategy has set a yearly BTC yield target of 6-10%, 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.
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.
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.
MicroStrategy’s Q3 2024 report shows its ongoing leadership in corporate BTC adoption, merging Bitcoin strategy with business growth to increase shareholder value.
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.
A seasoned crypto expert, renowned for turning a remarkable profit on PEPE, now points to…
Dogecoin (DOGE) showed strong market growth by reaching $0.1569 while increase and 3.3% within 24…
Shiba Inu (SHIB) investors are stirring—after a wild ride, SHIB’s holding steady at $0.00001222 with…
Rexas Finance (RXS) has emerged as the leading topic in crypto circles in Q1 2025,…
Pi Network price has surged over 4% in the past 24 hours following the launch…
Charles Schwab’s new CEO, Rick Wurster, announced that the company is gaining significant momentum in…
