PANews reported on October 31 that according to CoinDesk, MicroStrategy announced its third-quarter financial results for 2024. As of the end of the third quarter, the company held 252,220 BTC, with a BTC yield of 17.8% year-to-date. The company also announced a $42 billion capital plan. The announcement stated that under the leadership of Executive Chairman Michael Saylor, the company will raise $21 billion in equity and issue $21 billion in bonds in the next three years, and use additional capital to purchase more Bitcoin as a financial reserve asset in order to achieve higher BTC returns.
MicroStrategy's last disclosure was in mid-September, when the company announced that it had purchased 7,420 bitcoins for $458.2 million, bringing its holdings to 252,220 bitcoins. As of the end of the quarter, the company had $891.3 million remaining after its last financing. MicroStrategy also raised its target range for "BTC yield" from 4%-8% previously to 6%-10%.
