Bitcoin development company MicroStrategy today reported a loss with its latest quarterly results—but the company is going all-in on the orange coin. 

In a Wednesday announcement, the company (NASDAQ: MSTR) said it plans to raise $42 billion of capital over the next three years to buy more Bitcoin. The strategy is part of the firm’s “21/21 Plan,” MicroStrategy CEO Pong Le said in a statement, in which $21 billion would come from equity raises and another $21 billion would be sold as fixed income securities.

MicroStrategy is already the largest publicly traded holder of Bitcoin, with 252,220 coins, today valued at $18.2 billion. Le said today the company has no plans on slowing down and would continue buying Bitcoin. 

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Author: Mathew Di Salvo