MicroStrategy Q3 money na $2.8B dem don grow wit $12.9B bitcoin gain
MicroStrategy yan report say third-quarter net income of $2.8 billion wit diluted EPS of $8.42, wey pass analyst estimate. Operating income reach $3.9 billion. Dem add 42,706 BTC for Q3, make total 640,808 BTC at average cost $74,032. For market price $110,600, these holdings dey worth $70.9 billion, show unrealized gain of $12.9 billion and 26% Bitcoin yield year-to-date. MicroStrategy raise $5.1 billion net proceeds during Q3 plus extra $89.5 million early October, wey boost cash and equivalents to $54.3 million. The company confirm their full-year target of 30% Bitcoin yield and $20 billion Bitcoin gains by year end, assuming $150,000 BTC price. Executive Chairman Michael Saylor talk about strategic shift to digital credit solutions and preferred-share issues to boost shareholder yield while keep returns on capital.
Bullish
MicroStrategy’s solid Q3 results, wey dem get from plenti unrealized Bitcoin gains plus more BTC collection, dey show strong institutional demand for Bitcoin. Dem pass earnings estimates and confirm big Bitcoin yield targets wey dey support better market feeling. Di company continuous to buy Bitcoin andidig strategic fundraising dey add pressure for buying, wey fit support Bitcoin price short term. Di planned digital credit solutions and preferred-share issues dey give new way for capital to get more BTC, dey reinforce long term optimistic prospects.