MicroStrategy plans to raise 42 billion dollars in the next three years to purchase more Bitcoin

According to reports, MicroStrategy has announced its financial results for the third quarter of 2024. By the end of the third quarter, the company held 252,220 BTC with a year-to-date return rate of 17.8%. The company also announced a capital plan of $42 billion. Under the leadership of Executive Chairman Michael Saylor, it was stated that over the next three years, they will raise $21 billion in equity and issue $21 billion in bonds to purchase more Bitcoin as reserve assets with additional capital to achieve higher BTC returns.

MicroStrategy's most recent disclosure was in mid-September when it announced that it had purchased an additional 7,420 Bitcoins for $458.2 million bringing their total holdings up to 252,220 BTC. As of this quarter-end, there were remaining funds totaling $891.3 million after their last financing round. MicroStrategy also raised its target range for "BTC yield" from previously set at between 4%-8% now increased to between 6%-10%.