Description

MicroStrategy Incorporated: Expansion of Financial Instruments & Enhancements in Capital Raising and Preservation Driving Our Bullishness!

MicroStrategy’s third quarter of 2024 earnings presentation highlighted both substantial achievements and challenges, reflecting its unique position as both a major player in enterprise analytics software and a leader in cryptocurrency investment, specifically in Bitcoin. Starting with its cryptocurrency endeavors, MicroStrategy has solidified its stance as the world’s largest corporate holder of Bitcoin, holding 252,220 bitcoins valued at approximately $18 billion. Throughout the third quarter, the company added 25,889 bitcoins at an average price of $60,839 per unit. The strategic focus on Bitcoin was underpinned by the approval of spot Bitcoin Exchange Traded Products (ETPs), which has bolstered institutional interest in cryptocurrencies. The company’s aggressive acquisition strategy was supported by significant capital raising activities, including a $1.1 billion equity offering and $1.01 billion from 2028 convertible notes.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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