MicroStrategy(US:MSTR)2024-10-30 22:41Bitcoin Holdings and Strategy - MicroStrategy held 252,220 bitcoins as of October 29, 2024, acquired at a total cost of $9.9 billion, with an average price of $39,266 per bitcoin[4, 19] - The market value of MicroStrategy's bitcoin holdings was approximately $18 billion as of October 29, 2024[4] - The company raised $1.1 billion via ATM class A common stock sales and $1.01 billion through 2028 convertible notes[4] - MicroStrategy repaid $500 million in senior secured notes due in 2028 and unencumbered 100% of its bitcoin holdings[4] - The company aims to continually acquire BTC while achieving positive BTC Yield[75] Financial Performance - Q3 2024 total revenues were $116.1 million, a 10% year-over-year decrease[16, 77] - Q3 2024 non-GAAP subscription billings increased by 93% year-over-year to $32.4 million[14, 77] - Q3 2024 subscription services revenues increased by 32% year-over-year[77] - The company reported a GAAP operating loss of $432.6 million in Q3 2024[16] Capital Structure and Debt - MicroStrategy has $4.3 billion in convertible debt outstanding[5] - The company's activities include bitcoin acquisitions using proceeds from equity and debt financings[5] - The company issued $1.01 billion convertible senior notes due 2028 and issued $1.1 billion shares of Class A common stock under ATM[21]