MicroStrategy, the largest corporate holder of bitcoin, has made significant progress towards its ambitious capital-raising goal. The company acquired 218,887 bitcoins for $20.5 billion since the end of the third quarter, bringing its total holdings to 471,107 bitcoins worth about 2% of the total supply.
In its fourth-quarter financial release, MicroStrategy’s president and CEO Phong Le stated that the company has completed $20 billion of its planned $42 billion capital plan, significantly ahead of schedule. The company aims to issue $21 billion in equity and fixed income between 2025 and 2027, while buying an equivalent amount in bitcoin.
MicroStrategy reported a strong bitcoin yield of 74.3% for the year, surpassing its previous record. The company has raised its annual target for BTC yield to 15%, from a range of 6-8%. Its new metrics include BTC Gain and BTC $Gain, which measure the performance of its bitcoin acquisition strategy.
However, MicroStrategy’s software business reported a fourth-quarter loss of $670.8 million, compared to earnings of $89.1 million a year ago. Revenue slipped 3% to $120.7 million from $124.5 million a year earlier.
The company has raised an additional $584 million through the launch of its convertible preferred stock offering, Strike, which was listed on the Nasdaq under the ticker STRK. This move emphasizes fixed income issuance this year, as previously planned.
Source: https://www.cnbc.com/2025/02/05/microstrategy-unveils-new-name-reports-accelerated-bitcoin-purchases-in-fourth-quarter.html