Loading...
•
Sep 30, 2024
MicroStrategy Q3 2024 Earnings Report
Announced third quarter 2024 financial results, holding 252,220 BTC with BTC Yield of 17.8% YTD, and announced a $42 billion capital plan.
Key Takeaways
MicroStrategy Incorporated announced its Q3 2024 financial results, highlighting a transformational quarter with $2.1 billion raised in equity and debt. The company increased its bitcoin holdings by 11% during the quarter and achieved a year-to-date BTC Yield of 17.8%. However, total revenues decreased by 10.3% year-over-year, and the company reported a net loss of $340.2 million.
Maintained focus on increasing shareholder value through digital transformation of capital.
Announced a strategic goal of raising $42 billion over the next 3 years through equity and fixed income securities.
Increased bitcoin holdings by 11% in Q3 2024.
Revised annual BTC Yield target to 6% to 10% for 2025 through 2027.
MicroStrategy
MicroStrategy
MicroStrategy Revenue by Segment
Revenue by Segment
Product Support Revenue
CapyFin.comOther Services Revenue
CapyFin.com Forward Guidance
MicroStrategy's forward guidance focuses on leveraging digital transformation of capital, raising $42 billion of capital over the next 3 years, and achieving higher BTC Yield.
Positive Outlook
- Strategic goal of raising $42 billion of capital over the next 3 years.
- Plan to use additional capital to buy more bitcoin as a treasury reserve asset.
- Targeting an annual BTC Yield of 6% to 10% between 2025 and 2027.
- Proven track record of using intelligent leverage.
- Aim to increase shareholder value by leveraging the digital transformation of capital.
Challenges Ahead
- Fluctuations in the market price of bitcoin.
- Changes in the accounting treatment relating to bitcoin holdings.
- Changes in securities laws or other laws or regulations relating to bitcoin.
- Potential taxation of unrealized gains on bitcoin holdings.
- General economic conditions, including levels of inflation and interest rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income