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. 

“As a Bitcoin treasury company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield,” he said.

In the company’s earning statement Wednesday, MicroStrategy posted revenue of $116.1 million—a 10% drop year-over-year, falling short of analyst expectations. Its net loss stood at $340 million, compared to a loss of $143.4 million in Q3 of last year. 

Formerly a quiet software company, Tyson, Virginia-based MicroStrategy now securitizes Bitcoin. Investors use the company’s stock as a proxy for Bitcoin: those who don’t want to buy the cryptocurrency via exchanges or the newly approved exchange-traded funds can buy equity in the company to get exposure to the orange coin. 

The firm first bought Bitcoin in 2020 to maximize returns for shareholders and hasn’t stopped buying the cryptocurrency since. 

Bitcoin is now trading for $72,209, according to CoinGecko, after having jumped 9% in seven days. 

MicroStrategy stock is today down over 4%, trading hands for $247.31 a pop.

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