MicroStrategy plans to raise $42 billion to buy more bitcoin in the next three years

MicroStrategy has announced its financial results for the third quarter of 2024. As of the end of the third quarter, the company held 252,220 BTC, representing a year-to-date BTC yield of 17.8%.
The company also announced a $42 billion capital plan, stating that under the leadership of Executive Chairperson Michael Saylor, the company will raise $21 billion in equity and issue $21 billion in bonds over the next three years, and use the additional capital to purchase more bitcoin as a financial reserve asset in order to achieve higher BTC earnings.
MicroStrategy's most recent disclosure came in mid-September, when it announced that it had bought 7,420 bitcoins for $458.20 million, bringing its holdings to 252,220.