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MicroStrategy's perfect implementation of BTC profit! Floating profit has exceeded 10 billion pounds, Michael Saylor hinted to "increase the position" again.
As BTC approaches $82,000, MicroStrategy's BTC Holdings value exceeds $20 billion, with unrealized gains of over $10 billion. Founder Michael Saylor hinted on Twitter that the company will continue to increase its BTC holdings. (Previous summary: BTC breaks through $79,700 and MicroStrategy's BTC gains exceed $10 billion) (Background information: MicroStrategy announces raising $4.2 billion over the next three years to buy BTC and become a BTC bank) Since Trump's election, BTC has been rising continuously, and yesterday it rose by $2,000 within an hour, breaking through the $79,000 mark. It continued to rise early this morning, breaking through $80,000 around 1:30 am and reaching a new historical high of $81,730 at 10 am. The value of MicroStrategy Holdings exceeds $2 billion. With BTC breaking through $81,000, the unrealized gains of MicroStrategy, the dominant BTC holder among US listed companies, also exceeded $10 billion for the first time. According to the latest data from bitcointreasuries, MicroStrategy currently holds 252,220 BTC, with a holdings value exceeding $20 billion, reaching $20.47 billion. The total cost of funds spent is $9.9 billion, with an average buying price of about $39,266 and unrealized profits of up to $10.57 billion. Michael Saylor hints at further BTC purchases. However, MicroStrategy's founder Michael Saylor seems unsatisfied with this. He tweeted last night, 'I think saylortracker.com needs more green dots.' 'saylortracker.com' is a website that tracks MicroStrategy's BTC purchase activities, and green dots represent the company's new BTC entry records. Therefore, Saylor's mention of 'needing more green dots' undoubtedly implies that MicroStrategy should continue to increase its BTC purchases. I think needs more green dots. pic.twitter.com/faeNCKAvNQ — Michael Saylor (@saylor) November 10, 2024 Raising $42 billion to buy more BTC When MicroStrategy announced its third-quarter financial report at the end of October, Saylor announced the launch of the '21/21 Plan', in which MicroStrategy will conduct $21 billion in equity financing and issue $21 billion in bonds over the next three years, raising a total of $42 billion to buy more BTC. MicroStrategy President and CEO Phong Le said that this move is to enhance the company's return on holding BTC: As a BTC financial company, we plan to use additional capital to purchase more BTC as treasury reserve assets so that we can achieve higher BTC returns. As of the end of the third quarter this year, MicroStrategy's BTC return rate has been 17.8%. The company plans to achieve an annual BTC return rate of 6% to 10% between 2025 and 2027. Currently, $42 billion is approximately equal to 518,518 BTC, accounting for 2.47% of the total BTC supply. Previously, Saylor had stated that the company's ultimate goal is to become a leading BTC bank and grow into a trillion-dollar enterprise, and now it seems that he is really moving towards this goal. MicroStrategy announces $42 billion capital plan including $21 billion ATM equity offering and a target of raising $21 billion in fixed-income securities. Join us at 5pm ET as we discuss our quarterly results and #Bitcoin Treasury Company plans. $MSTR — Michael Saylor (@saylor) October 30, 2024 Related reports: Michael Saylor supports BTC custody by banks, Vitalik slams nonsense: This is not the spirit of encryption. Why did MicroStrategy (MSTR) stock premium suddenly soar despite the unchanged 'issuing bonds to buy coins' strategy? MicroStrategy announces raising $42 billion over the next three years to buy BTC and become a BTC bank This article was originally published on BlockTempo, the most influential blockchain news media in Taiwan.