MicroStrategy announced its financial results for the third quarter of 2024. As of the end of the third quarter, the company holds 252,220 BTC, with a year-to-date BTC return of 17.8%. The company also announced a $42 billion capital plan. The announcement stated 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, using the additional capital to purchase more Bitcoin as a financial reserve asset to achieve higher BTC returns.

PANews reported on October 31 that, according to CoinDesk, MicroStrategy announced its financial performance for the third quarter of 2024. As of the end of the third quarter, the company holds 252,220 BTC, with a year-to-date BTC return of 17.8%. The company also announced a $42 billion capital plan. The announcement stated 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, using the additional capital to purchase more Bitcoin as a financial reserve asset to achieve higher BTC returns.

MicroStrategy's last disclosure was in mid-September, when the company announced the purchase of 7,420 BTC for $458.20 million, bringing its total Bitcoin holdings to 252,220 BTC. As of the end of this quarter, the company had $891.30 million remaining from its last financing. MicroStrategy also raised its target range for "BTC return" from the previous 4%-8% to 6%-10%.

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

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