MicroStrategy released its third quarter (Q3) financial report on Wednesday.
MicroStrategy announced its plans to raise $42 billion of capital over the next 3 years to acquire more Bitcoin . The capital will comprise $21 billion of equity and $21 billion of fixed-income securities. MicroStrategy also announced its Q3 income, with a total revenue of $116 million. MicroStrategy released its third quarter financial report on Wednesday. The report revealed its 17.
The capital, which will comprise $21 billion of equity and $21 billion of fixed-income securities, will be used to buy more Bitcoin. As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield, said Phong Le, President and Chief Executive Officer of MicroStrategy.
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