MicroStrategy to Raise $42 Billion for Further Bitcoin Purchases Amid Core Business Struggles

On October 30, MicroStrategy Inc. (Nasdaq: MSTR) released its Q3 2024 financial results, highlighting both its latest Bitcoin acquisition strategy and challenges within its software business. The company, known for its substantial Bitcoin holdings, announced a three-year “21/21 Plan” to raise $42 billion—$21 billion in equity and $21 billion in fixed-income securities. This capital would