MicroStrategy Unveils Q3 2024 Results with $42B Capital Plan

MicroStrategy Unveils Q3 2024 Results with $42B Capital Plan

In Summary

  • Q3 2024 revenues fell to $116.1 million; net loss of $340.2 million
  • Achieved a 5.1% BTC Yield KPI; plans for future equity and debt offerings
  • New equity program allows for $21 billion in class A stock sales
  • Announces $42 billion capital plan to enhance bitcoin reserves


New York, November 05, 2024–The largest corporate holder of Bitcoin MicroStrategy reported its financial results for the third quarter of 2024 on October 30.

In the third quarter, MicroStrategy achieved a 5.1% BTC Yield KPI, raising a total of $2.1 billion through equity and debt. The company’s total bitcoin holdings increased by 11% during the quarter, contributing to a year-to-date BTC Yield of 17.8%.

This yield is critical to assessing the firm’s strategy of leveraging bitcoin as a treasury reserve asset. CEO Phong Le emphasized the focus on shareholder value through a digital transformation of capital.

Financially, the company’s total revenues for Q3 2024 reached $116.1 million, down 10.3% year-over-year. Operating expenses surged to $514.3 million, primarily due to impairment losses on digital assets amounting to $412.1 million. The company’s net loss was $340.2 million, translating to a diluted loss per share of $1.72.

MicroStrategy also announced a new At-the-Market Equity Offering Program, enabling the sale of up to $21 billion in class A common stock. The company aims to utilize these funds for

It also announced its strategic $42 billion capital initiative aimed at bolstering its bitcoin treasury, called the “21/21 Plan.”

Protected by Copyscape