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MicroStrategy Vows to Secure $42 Billion for Bitcoin Investments, Despite Loss on Impairment

  • MicroStrategy plans to raise $42 billion over the next three years to expand its Bitcoin holdings.
  • The company aims to raise $21 billion from equity and $21 billion from fixed-income securities.
  • This capital would allow MicroStrategy to acquire around 578,586 BTC, approximately 2.7% of Bitcoin's total supply.
  • Despite facing a net loss of $340 million this quarter due to an impairment charge, MicroStrategy's stock has gained nearly 300% this year.

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