MicroStrategy, the Bitcoin development company, plans to raise $42 billion in capital over the next three years to purchase more Bitcoin as part of its treasury reserve strategy.
The company holds more than 1% of the supply of Bitcoin on its balance sheet and aims to achieve higher BTC yield by buying more of the benchmark crypto.
MicroStrategy has already acquired approximately 252,220 BTC, with a market value of $18.2 billion, and reported a year-to-date BTC yield of 17.8%.
The firm aims to attain an annual BTC yield of 6% to 10% between 2025 and 2027.