{"id":16766,"date":"2024-10-30T21:20:59","date_gmt":"2024-10-30T21:20:59","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=16766"},"modified":"2024-10-30T21:20:59","modified_gmt":"2024-10-30T21:20:59","slug":"microstrategy-announces-42-billion-capital-plan-to-buy-more-bitcoin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=16766","title":{"rendered":"MicroStrategy Announces $42 Billion Capital Plan To Buy More Bitcoin"},"content":{"rendered":"<p><span>MicroStrategy (MSTR) announced on Wednesday that it plans to raise $42 billion over the next 3 years to purchase more BTC for its balance sheet, and improve \u201cBTC yield\u201d for its shareholders.\u00a0<\/span><\/p>\n<p><span>In its <a href=\"https:\/\/www.microstrategy.com\/press\/microstrategy-announces-third-quarter-2024-financial-results-and-announces-42-billion-capital-plan_10-30-2024\" target=\"_blank\" rel=\"noopener\">Q3 earnings release<\/a>, the company said that the \u201c21\/21 Plan\u201d would involve raising $21 billion through ATM equity offerings, and $21 billion in fixed-income securities.<br \/>\n<\/span><br \/>\nAs a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield,\u201d said Phong Le, President and Chief Executive Officer of MicroStrategy.<br \/>\nThe company\u2019s new targets for annual BTC yield have risen to between 6% and 10%, achieved by executing such raises and offerings at the right time.<br \/>\nMicroStrategy also reported a $412 million impairment loss on its digital assets, indicating that it is yet to adopt fair value accounting for its business.<br \/>\nMicroStrategy executive chairman <a href=\"https:\/\/cryptopotato.com\/michael-saylor-lauds-bitcoin-as-microstrategy-enters-the-magnificent-8\/\">Michael Saylor<\/a> announced this month that he plans to evolve MicroStrategy into a trillion-dollar Bitcoin bank. MSTR stock soared to 20-year highs shortly after this promise.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/microstrategy-announces-42-billion-capital-plan-to-buy-more-bitcoin\/\">MicroStrategy Announces $42 Billion Capital Plan To Buy More Bitcoin<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>MicroStrategy (MSTR) announced on Wednesday that it plans to raise $42 billion over the next 3 years to purchase more BTC for its balance sheet, and improve \u201cBTC yield\u201d for its shareholders.\u00a0 In its Q3 earnings release, the company said that the \u201c21\/21 Plan\u201d would involve raising $21 billion through ATM equity offerings, and $21 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":16767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16766"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16766"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/16767"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}