The post MicroStrategy’s BTC Holdings Reach 252,220 as Company Plans $42 Billion Capital Strategy appeared on BitcoinEthereumNews.com.

On October 31, MicroStrategy made headlines by disclosing its third-quarter financial results for 2024 via CoinDesk. By the close of Q3, the firm’s impressive portfolio included a staggering 252,220 BTC, reflecting a solid 17.8% yield year-to-date. Under the strategic guidance of Executive Chairman Michael Saylor, MicroStrategy outlined a robust $42 billion capital plan, intending to raise $21 billion in equity and issue another $21 billion in bonds over a three-year horizon. This calculated approach aims to fortify its Bitcoin holdings as a pivotal financial reserve. Notably, in mid-September, the company had revealed an acquisition of 7,420 bitcoins valued at $458.2 million, boosting their total BTC holdings to $9.9 billion, with an average purchase price of $39,266. At the current Bitcoin valuation of approximately $72,000, MicroStrategy’s Bitcoin assets are now exceeding $18 billion. Source: https://en.coinotag.com/breakingnews/microstrategys-btc-holdings-reach-252220-as-company-plans-42-billion-capital-strategy/

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Filed under: News - @ October 31, 2024 12:25 am