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

BlockBeats news, on October 31, 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 capital plan of $42 billion, stating that under the leadership of Executive Chairman Michael Saylor, it 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, aiming for higher $BTC returns. The last time MicroStrategy disclosed information was in mid-September when it announced the purchase of 7,420 Bitcoins for $458.20 million, bringing its total Bitcoin holdings to 252,220, with a total value of $9.90 billion and an average price of $39,266. At the current price of approximately $72,000, the company's Bitcoin holdings are valued at over $18 billion.