MicroStrategy to Raise $42 Billion to Buy More Bitcoin Over the Next 3 Years

MicroStrategy has announced its Q3 2024 financial results, and as of the end of Q3, the company held 252,220 BTC, with a year-to-date BTC yield of 17.8%. The company also announced a $42 billion capital plan, with the announcement stating that under the leadership of Executive Chairman Michael Saylor, the company will raise $21 billion in equity and issue $21 billion in bonds over the next three years, and use the additional capital to purchase more Bitcoin as a financial reserve asset in order to realise higher BTC returns. MicroStrategy's most recent disclosure came in mid-September, when the company announced that it had purchased 7,420 bitcoins for $458.2 million, which brought its holdings to 252,220 bitcoins.