MicroStrategy Unveils $42 Billion Plan to Deepen Its Bitcoin Holdings

MicroStrategy (NASDAQ: MSTR), the leading publicly traded Bitcoin-holding company, has announced an ambitious plan to raise $42 billion over the next three years to expand its Bitcoin reserves. This bold move is part of its "21/21 Plan," revealed Wednesday, with CEO Pong Le stating that $21 billion will be raised through equity offerings and an additional $21 billion through fixed-income securities.

Already boasting 252,220 Bitcoin—currently valued at $18.2 billion—MicroStrategy has firmly positioned itself as a "Bitcoin treasury company." The firm aims to utilize this capital to increase its Bitcoin reserves, intending to maximize BTC yield through strategic acquisition. “We’re committed to expanding our Bitcoin holdings in a way that enhances shareholder value and offers substantial exposure to BTC,” Le noted.

MicroStrategy’s Q3 report showed a 10% year-over-year revenue drop to $116.1 million, with a net loss of $340 million, a significant increase from last year’s Q3 loss of $143.4 million. Despite these figures, the company remains committed to its Bitcoin-centric strategy.

Based in Tyson, Virginia, MicroStrategy transitioned from a software provider to a Bitcoin investment powerhouse. The company’s stock serves as a Bitcoin proxy, attracting investors seeking BTC exposure without directly buying cryptocurrency. The firm's first BTC acquisition in 2020 has led to continuous accumulation, aligning with its mission to maximize shareholder returns. As of today, trades at $72,209, showing a 9% increase in the last seven days.

Despite the recent market activity, MSTR shares dropped over 4%, trading at $247.31.