MicroStrategy has set its sights on an ambitious target to boost its annual Bitcoin (BTC) yield to 15% over the next three years, up from its previous range of 6% to 8%. The company plans to issue $42 billion in securities between 2025 and 2027 to support this enhanced strategy. Despite a slight drop in revenue and a significant fourth-quarter loss, MicroStrategy remains committed to its aggressive Bitcoin acquisition approach, as evidenced by its substantial holdings and capital plans.
The company's revenue slipped by 3% to $120.7 million compared to $124.5 million from the same period last year. MicroStrategy reached a BTC yield of 2.9% in the fourth quarter, down from 5.1% in the third quarter. Nevertheless, the company currently holds 471,107 bitcoins, representing about 2% of the total supply. This substantial holding underscores the company's commitment to its cryptocurrency strategy.
MicroStrategy has completed $20 billion of its $42 billion capital plan, significantly ahead of its initial timelines. The company has acquired 218,887 bitcoins for $20.5 billion since the end of the third quarter, reflecting its aggressive approach toward Bitcoin acquisition. In 2024, MicroStrategy achieved a BTC gain of 140,538 and targets a future BTC gain of $10 billion for 2025.
The company's operations posted a fourth-quarter loss of $670.8 million, equating to $3.03 per share, in stark contrast to earnings of $89.1 million, or 58 cents per share, a year ago. Despite these financial challenges, MicroStrategy has become more assertive in its Bitcoin purchase strategy over the past year. The company has raised billions through the sale of convertible bonds dedicated solely to purchasing more Bitcoin.
MicroStrategy's CEO, Phong Le, expressed confidence in the company's strategic direction and its ability to enhance shareholder value. He emphasized the strong support from both institutional and retail investors for their strategy.
"We have completed $20 billion of our $42 billion capital plan, significantly ahead of our initial timelines, while leading the digital transformation of capital in the financial markets. Looking ahead to the rest of 2025, we are well-positioned to further enhance shareholder value by leveraging the strong support from institutional and retail investors for our strategic plan," Phong Le, president and CEO of the company.