MicroStrategy (MSTR) has announced plans to significantly increase its Bitcoin holdings, aiming to purchase $42 billion worth of the cryptocurrency over the next three years. The company intends to raise $40 billion to facilitate these acquisitions. This strategic move follows a decline in MSTR's premium from 183% to 156.34% after an earnings miss reported on October 30. Additionally, MicroStrategy plans to sell a record $21 billion in new shares to add to its Bitcoin stockpile. Michael Saylor, CEO of MicroStrategy, has been a vocal advocate for Bitcoin, comparing the company's strategy to a gold mining operation that accumulates and holds its assets. In a recent interview, Saylor discussed Wall Street's increasing interest in Bitcoin, highlighting regulatory shifts and institutional backing.