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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
HOT DEVELOPMENT: Bitcoin Bull MicroStrategy Reveals Expected Earnings Report! Here are the Results and New Moves!
MicroStrategy, known for its corporate Bitcoin investment strategy, has announced its financial results for the first quarter of 2025.
The company's revenue was $111.1 million, falling short of expectations of (115.8 million dollars), while earnings per share (EPS) have not yet been disclosed.
The company's founder and president Michael Saylor announced that MicroStrategy has achieved a "BTC return" of 13.7% and a Bitcoin gain of 5.8 billion dollars since the beginning of the year. These figures indicate that the company has already reached 90% and 58% of its targets for the year 2025, respectively. Saylor also stated that the company has doubled its capital plan: a target of 42 billion dollars in equity for Bitcoin purchases and 42 billion dollars in fixed-income securities financing is planned. The BTC return target for 2025 has been raised from 15% to 25%, and the BTC gain target has been increased from 10 billion dollars to 15 billion dollars.
MicroStrategy currently holds 553,555 Bitcoin. The total value of these assets is approximately 52.57 billion dollars at the current price. The company plans to raise up to 21 billion dollars through the At-the-Market (ATM) program, which allows sales through its Class A shares. So far, 1.4 billion dollars have been raised, and there is 128.7 million dollars of sales rights remaining under the program.
MicroStrategy CEO Phong Le stated, "We successfully executed a record-level $21 billion ATM stock sale. During this process, we added 301,335 BTC to our balance sheet, achieving a 50% increase in MSTR shares during the same period. Additionally, we expanded our capital base with the two most successful preferred stock offerings of the last decade. The number of publicly traded companies adopting the Bitcoin treasury standard has exceeded 70 worldwide. We are proud to be a leader in this field."