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

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#Bitcoin
$BTC
ForesightNews
320Words
Oct 31, 2024

MicroStrategy plans to raise $42 billion over the next three years to purchase more Bitcoin. As of the end of the third quarter, MicroStrategy holds 252,220 $BTC, with a year-to-date $BTC return of 17.8%. Total revenue is $116.10 million, a year-on-year decrease of 10.3%; gross profit is $81.70 million, a year-on-year increase of 70.4%. Additionally, MicroStrategy 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 returns.

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