---
title: "MicroStrategy Announces $42 Billion Capital Plan To Buy More Bitcoin"
url: https://diffcoin.com/microstrategy-announces-42-billion-capital-plan-to-buy-more-bitcoin/
description: "MicroStrategy's \"21/21\" plan involves an equal split of equity sales and fixed income securities offerings."
published: 2024-10-30
updated: 2024-10-30
author: "Mila"
site: "Diffcoin"
---

# MicroStrategy Announces $42 Billion Capital Plan To Buy More Bitcoin

MicroStrategy (MSTR) announced on Wednesday that it plans to raise $42 billion over the next 3 years to purchase more BTC for its balance sheet, and improve “BTC yield” for its shareholders.

- In its Q3 earnings release, the company said that the “21/21 Plan” would involve raising $21 billion through ATM equity offerings, and $21 billion in fixed-income securities.
- As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield,” said Phong Le, President and Chief Executive Officer of MicroStrategy.
- The company’s new targets for annual BTC yield have risen to between 6% and 10%, achieved by executing such raises and offerings at the right time.
- MicroStrategy also reported a $412 million impairment loss on its digital assets, indicating that it is yet to adopt fair value accounting for its business.
- MicroStrategy executive chairman Michael Saylor announced this month that he plans to evolve MicroStrategy into a trillion-dollar Bitcoin bank. MSTR stock soared to 20-year highs shortly after this promise.

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