Self-identified as a Bitcoin development firm, MicroStrategy (MSTR) has not increased its Bitcoin holdings since mid-September. However, it has announced an ambitious plan to raise $42 billion in capital over the next three years to acquire more of the largest cryptocurrency.

Led by Executive Chairman Michael Saylor, the company’s so-called 21/21 Plan intends to achieve $21 billion through equity raises and $21 billion through debt offerings within the agreed timeframe.

As a Bitcoin Treasury Company, the firm aims to use the raised funds to purchase additional Bitcoin as a treasury reserve asset, which Saylor believes will help achieve higher BTC yield. According to Phong Le, the company’s President and CEO, this strategy was shared during their third quarter earnings press release.

MicroStrategy's previous notable disclosure was in mid-September when it revealed the acquisition of 7,420 bitcoins for $458.2 million, raising its total holdings to 252,220 bitcoins, valued at over $18 billion currently, given the Bitcoin price of around $72,000.

Additionally, MicroStrategy has amended its Bitcoin Yield target range from 4%-8% to 6%-10%, with the current BTC Yield for Q3 reported at 17.8%. Despite a 10% drop in shares during after-hours trading, the company’s stock remains about 250% higher year-to-date.