MicroStrategy to Raise $42 Billion for Bitcoin Investment

The company plans a three-year capital raise to expand its Bitcoin holdings, despite declining revenues.

MicroStrategy has announced a '21/21 Plan' to raise $42 billion by 2027, split equally between equity and debt offerings.
The company currently holds 252,220 Bitcoins, valued at over $18 billion, making it the largest publicly traded Bitcoin holder.
MicroStrategy's Q3 2024 earnings report revealed a 10% decline in revenue and a net loss of $340 million.
CEO Michael Saylor advocates for Bitcoin as a treasury reserve asset to improve financial health and drive shareholder value.
Despite a drop in stock price, MicroStrategy's Bitcoin strategy has yielded a 1,989% return since its initial investment in 2020.