MicroStrategy Financial Report: Plans to Raise $42 Billion Over the Next 3 Years to Purchase More Bitcoin

ChainCatcher news, according to CoinDesk, MicroStrategy has released its financial report and announced the "21/21 plan," aiming to raise $21 billion each through equity and debt over the next three years, totaling $42 billion for purchasing Bitcoin. The company's President and CEO Phong Le stated that as a Bitcoin reserve company, it will use the new funds to buy more Bitcoin to achieve a higher "BTC yield."

It is reported that MicroStrategy's most recent purchase occurred in mid-September 2024, when it acquired 7,420 Bitcoins for $458.2 million. The company currently holds 252,220 Bitcoins, with a total investment of $9.9 billion and an average purchase price of $39,266. Based on the current price of approximately $72,000, the market value of the holdings exceeds $18 billion.

In addition, the company has raised its "BTC yield" target range from the previous 4%-8% to 6%-10%, with the actual yield for the third quarter reaching 17.8%.