MicroStrategy (MSTR), a company focused on Bitcoin development, hasn’t added to its Bitcoin (BTC) holdings since mid-September. However, they recently announced a bold plan to raise $42 billion over the next three years to buy more of the world’s leading cryptocurrency.

Led by Executive Chairman Michael Saylor, MicroStrategy’s "21/21 Plan" aims to generate $21 billion through equity raises and another $21 billion through debt offerings. It’s a significant move.

Phong Le, the company’s president and CEO, stated, "As a Bitcoin Treasury Company, we plan to use the additional capital to buy more Bitcoin as a treasury reserve asset. This will help us achieve higher BTC Yield."

The last time MicroStrategy disclosed its Bitcoin purchases was in mid-September. They bought 7,420 BTC for $458.2 million. This brought their total holdings to 252,220 BTC, acquired for about $9.9 billion, averaging $39,266 each. Now, with Bitcoin priced around $72,000, those assets are worth over $18 billion.

By the end of the quarter, MicroStrategy had $891.3 million left from a previous capital raise. That’s a solid cushion.

While shares fell 10% in after-hours trading, they remain up 250% year-to-date. That’s quite an impressive performance.