Not all stock-split stocks share the same outlook, as these recently completed splits demonstrate.Although Wall Street has been rightly enamored with the long-term potential for artificial intelligence (AI) -- the analysts at PwC believe AI can add $15.7 trillion to the global economy by 2030 -- the excitement surrounding stock splits has played a meaningful role in lifting Wall Street's major stock indexes to record highs in 2024.A stock split is an event that allows a publicly traded company to alter its ...

The path to a trillion-dollar market cap for MicroStrategy is clear: Buy as much Bitcoin as possible.Right now, there are only a handful of companies with a market cap exceeding $1 trillion. With the exception of Warren Buffett's Berkshire Hathaway, all of them are high-growth tech stocks. So the natural assumption is that the next great $1 trillion company will be yet another tech company.But what if the next $1 trillion company is a crypto company instead? That's the vision for MicroStrategy Inc. (MSTR -6 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-24435 MICROSTRATEGY INCORPORATED (Exact name of registrant as specified in its charter) Delaware (State or other jurisdictio ...

. . . Neptune Explores Credit Facilities up to $25m USD to Maximize Shareholder Value, Embraces MicroStrategy Playbook October 31, 2024 7:00 AM EDT | Source: Neptune Digital Assets Corp Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) ("Neptune" or the "Company"), one of the first publicly traded blockchain companies in Canada, has commenced a process to explore, review and evaluate credit facilities to acquire additional B ...

This stock-split stock has all the hallmarks of a disaster waiting to happen. Though it's been a bit bumpy at times, the bulls have been in the driver's seat on Wall Street for the last two years. Recently, we've witnessed the iconic Dow Jones Industrial Average, widely followed S&P 500, and innovation-inspired Nasdaq Composite, all reach record-closing highs. Although better-than-expected corporate earnings and hype surrounding the artificial intelligence (AI) revolution have each played key roles in lifti ...

Financial Data and Key Metrics Changes - MicroStrategy reported a total Bitcoin market value of $18 billion as of the end of Q3 2024, holding 252,220 Bitcoins [6] - The company acquired an additional 25,889 Bitcoins at an average price of $60,839, totaling a purchase cost of $1.6 billion [7] - Year-to-date, the price of Bitcoin has appreciated significantly, driven by the approval of Spot Bitcoin Exchange Traded Products (ETPs) [7] - Software business revenues were $116 million, down 10% year-over-year, reflecting the transition from on-premise to cloud services [27] - Non-GAAP subscription billings grew by 93% year-over-year to $32.4 million, marking four consecutive years of double-digit growth [20][30] Business Line Data and Key Metrics Changes - The software business is transitioning to cloud offerings, with subscription services revenues now comprising approximately 24% of total revenues, having increased by 32% year-over-year [31] - Product license revenues are expected to decline further as the company shifts focus to cloud services [28][32] - The company reported strong cloud bookings, which helped offset lower product license contracts [29] Market Data and Key Metrics Changes - The market value of MicroStrategy's Bitcoin holdings was $16 billion as of September 30, 2024, with an average purchase price of $39,000 per Bitcoin [40] - The company is the largest corporate holder of Bitcoin globally, with a strategy focused on Bitcoin as a treasury reserve asset [6][10] Company Strategy and Development Direction - MicroStrategy aims to raise $42 billion in capital over the next three years, targeting $21 billion each in equity and fixed income capital primarily for Bitcoin acquisition [16][18] - The company has adopted a new descriptor as the world's first and largest Bitcoin treasury company, focusing on Bitcoin as its primary treasury reserve asset [10] - The strategic plan includes leveraging intelligent capital allocation to increase Bitcoin holdings while managing overall leverage [50][57] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the maturation of Bitcoin as an institutional-grade asset class, citing increased regulatory recognition and institutional adoption [7] - The company anticipates continued strong demand for its cloud platform and expects subscription services revenues to grow in the long term despite short-term declines in total recognized revenue [21][24] - Management highlighted the importance of achieving a positive BTC yield, revising the target to 6% to 10% annually for the next three years [57][58] Other Important Information - The company redeemed $500 million in senior secured notes, resulting in all Bitcoin holdings becoming unencumbered [9][38] - MicroStrategy plans to adopt new FASB fair value accounting rules for Bitcoin holdings starting Q1 2025, which will impact retained earnings [40][41] Q&A Session Summary Question: What is the outlook for Bitcoin as a treasury reserve asset? - Management believes Bitcoin is becoming increasingly recognized as a digital capital asset, with significant institutional interest and adoption [61][62] Question: How does MicroStrategy's performance compare to traditional asset classes? - MicroStrategy has outperformed the S&P 500 and other asset classes significantly since adopting the Bitcoin standard, demonstrating the strength of Bitcoin as an investment [68][69] Question: What are the implications of the new capital raising strategy? - The new strategy aims to leverage capital markets effectively to enhance Bitcoin holdings while maintaining shareholder value through intelligent leverage [50][57]

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��� Q3 2024 Financial Results October 30, 2024 Copyright © 2024 MicroStrategy Incorporated. All Rights Reserved. MicroStrategy Q3 2024 Earnings Call Safe Harbor Statement FORWARD-LOOKING STATEMENTS Some of the information we provide in this presentation regarding our future expectations, plans, and prospects may constitute forward-looking statements. Actual results may differ materially from these forward-looking statements due to various important factors, including the risk factors discussed in our most r ...

Bitcoin Holdings and Investments - MicroStrategy holds 252,220 BTC with a YTD BTC Yield of 17.8%[1][5] - Q3 2024 saw an 11% increase in bitcoin holdings and a reduction in annualized interest expense by $24 million[3] - The carrying value of digital assets (252,220 bitcoins) was $6.851 billion as of September 30, 2024[6] - MicroStrategy's Bitcoin holdings increased to 226,331 BTC as of June 30, 2024, with a carrying value of $5.69 billion[40] - The company purchased 25,889 BTC in Q3 2024 at an average price of $60,839 per Bitcoin, using $1.105 billion from stock sales and $458.2 million from convertible notes[40] - Total Bitcoin impairment losses reached $2.64 billion as of June 30, 2024[40] - The market value of Bitcoin holdings at the end of Q2 2024 was $14.02 billion, based on the ending price of $61,926.69 per Bitcoin[41] - MicroStrategy's Bitcoin purchases in 2024 totaled 63,070 BTC, acquired at an average price of $50,817 per Bitcoin[40] - The highest market price per Bitcoin during Q2 2024 was $72,777, resulting in a potential market value of $16.47 billion for the company's holdings[41] - The company's Bitcoin holdings have grown by 93,831 BTC (70.8%) since December 31, 2022[40] - MicroStrategy's Bitcoin holdings represent a total investment of $8.33 billion as of June 30, 2024[40] - The company's Bitcoin purchases in 2024 were funded primarily through convertible notes and stock sales, totaling over $3.17 billion[40] Financial Performance - Total revenues for Q3 2024 were $116.1 million, a 10.3% decrease year-over-year[11] - Gross profit for Q3 2024 was $81.7 million, representing a 70.4% gross margin[12] - Operating expenses increased by 301.6% year-over-year to $514.3 million, including $412.1 million in impairment losses on digital assets[13] - Net loss for Q3 2024 was $340.2 million, or $1.72 per share on a diluted basis[14] - Total revenues for the nine months ended September 30, 2024, were $342.759 million, compared to $371.777 million for the same period in 2023[34] - Digital asset impairment losses for the nine months ended September 30, 2024, were $783.807 million, compared to $76.613 million for the same period in 2023[34] - Net loss for the nine months ended September 30, 2024, was $495.851 million, compared to a net income of $339.995 million for the same period in 2023[34] - Net loss for Q3 2024 was $340.2 million, compared to a net loss of $143.4 million in Q3 2023[50] - Non-GAAP net loss for Q3 2024 was $307.8 million, compared to a non-GAAP net loss of $127.7 million in Q3 2023[50] - Total revenues for Q3 2024 decreased by 10.3% YoY to $116.1 million, with a constant currency decrease of 10.5%[53] - Subscription services revenue increased by 32.5% YoY to $27.8 million in Q3 2024, with a constant currency increase of 32.0%[53] - Product licenses revenue decreased by 53.9% YoY to $11.1 million in Q3 2024, with a constant currency decrease of 53.2%[53] - Total deferred revenue as of September 30, 2024, was $190.7 million, down from $236.7 million at the end of 2023[57] - Software business segment revenue for Q3 2024 was $116.1 million, down from $129.5 million in Q3 2023[58] - Gross profit for Q3 2024 was $81.7 million, compared to $102.8 million in Q3 2023[58] - Operating loss for Q3 2024 was $432.6 million, compared to an operating loss of $25.2 million in Q3 2023[58] - Share-based compensation expense for Q3 2024 was $19.4 million, up from $16.8 million in Q3 2023[50] - Total revenues for the nine months ended September 30, 2024, were $342.759 million, compared to $371.777 million for the same period in 2023[59] - Gross profit for the nine months ended September 30, 2024, was $247.460 million, down from $290.054 million in the same period in 2023[59] - Total operating expenses for the nine months ended September 30, 2024, were $1.084 billion, significantly higher than $362.316 million in the same period in 2023[59] - Loss from operations for the nine months ended September 30, 2024, was $836.558 million, compared to a loss of $72.262 million in the same period in 2023[59] Capital and Debt Management - The company announced a $42 billion capital plan, including $21 billion in equity and $21 billion in fixed-income securities[1][2] - Long-term debt increased to $4.212 billion as of September 30, 2024, from $2.182 billion as of December 31, 2023[37] - Net cash used in investing activities for the nine months ended September 30, 2024, was $4.011 billion, compared to $690.550 million for the same period in 2023[39] - Net cash provided by financing activities for the nine months ended September 30, 2024, was $4.046 billion, compared to $676.025 million for the same period in 2023[39] - Total liabilities increased to $4.570 billion as of September 30, 2024, from $2.598 billion as of December 31, 2023[37] - Total stockholders' equity increased to $3.774 billion as of September 30, 2024, from $2.165 billion as of December 31, 2023[38] - Cash, cash equivalents, and restricted cash decreased to $48.205 million as of September 30, 2024, from $48.673 million at the beginning of the period[39] Corporate Actions and Strategic Updates - The company revised its long-term BTC Yield target to 6% to 10% for 2025 through 2027[5] - MicroStrategy completed a 10-for-1 stock split on August 7, 2024[4] - MicroStrategy introduced a new Corporate & Other category in 2024, which includes impairment charges and other third-party costs related to its digital asset holdings[59] Non-GAAP Metrics - MicroStrategy's non-GAAP loss from operations for Q3 2024 was $413.2 million, compared to $8.4 million in Q3 2023[49] - Non-GAAP net loss for Q3 2024 was $307.8 million, compared to a non-GAAP net loss of $127.7 million in Q3 2023[50]

MIAMI, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a pioneer in leveraged single-stock ETFs, is excited to announce an increase in leverage for two of its flagship products, MSTX and SMST, from 1.75x and 1.5x respectively to 2x daily target exposure. This change marks a strategic enhancement, positioning Defiance to stay at the forefront of the market amid increased investor interest. MSTX, Defiance's first-of-its-kind leveraged ETF providing long exposure to MicroStrategy (NASDAQ: MSTR), will now deli ...