MicroStrategy to look at raising more capital to buy bitcoin

November 17, 2021

MicroStrategy (NASDAQ:MSTR) CEO and bitcoin devotee Michael Saylor says the company will continue to evaluate opportunities to raise additional capital to execute its bitcoin (BTC-USD) strategy.

In Q3, the company raised capital through at-the-market equity offering to add almost 9K bitcoins (BTC-USD) to its holdings.

Q3 non-GAAP EPS of $1.86 declined from $2.06 in Q3 2020; the non-GAAP figure excludes share-based compensation expense, digital asset impairment losses, interest expense arising from the amortization of debt issuance costs, and related income tax effects.

The carrying value of MicroStrategy's (MSTR) digital assets, comprised of 114,042 bitcoins (BTC-USD)was $2.406B as of Sept. 30, 2021, which reflects cumulative impairment losses of $754.7M since acquisition and an average carrying amount per bitcoin of approximately $21,095.

As of Sept. 30, 2021, the original cost basis of the company's bitcoin was $3.16B and its market value was $4.965B.

For this year the company, located in Tysons Corner revenue will be around 509.45 million USD. This is according to the average of the analysts' estimates. This is slightly more than 2021's revenue of 480.74 million USD.

Historical revenues and results Microstrategy Inc plus estimates 2021

The analysts expect for 2021 a net profit of 64 million USD. The majority of the analysts expects for this year a profit per share of 6.72 USD. The price/earnings-ratio is then an extreme 111.91.

For this year analysts don't expect the company to pay a dividend. The average dividend yield of the telecommunications companies is a limited 1.26 percent.

Microstrategy Inc 's market capitalization is based on the number of outstanding shares around 6.08 billion USD. 261

On Tuesday the stock closed at 752.02 USD.

Historical stock prices Microstrategy Inc2007-2021

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