In a significant advancement, the shareholders of Microstrategy have sanctioned an expansion of the authorized shares, thereby enabling the company to enhance its Bitcoin investments. The shareholders have endorsed a proposal to augment the company’s share count, increasing the total number of MSTR shares from 330 million to 10.3 billion. This expansion is intended to bolster the company’s strategy of acquiring additional Bitcoin as a component of its long-term treasury objectives.
The measure was approved with a 56% majority.
On Tuesday, shareholders approved a proposal to increase the number of authorized Class A common stock and preferred stock. The resolution received 56% approval, enabling MicroStrategy to potentially exceed all but four of the largest companies in the Nasdaq 100—Nvidia, Apple, Alphabet, and Amazon—in terms of outstanding shares. Additionally, the company raised its authorized preferred stock from 5 million to 1 billion shares.
In October of the previous year, MicroStrategy unveiled its “21/21 plan,” which seeks to generate $21 billion in equity and an additional $21 billion in fixed-income securities to bolster its Bitcoin treasury strategy. As of January 20, approximately $5.42 billion in shares are still available for sale, contributing to the company’s objective of accumulating $42 billion for Bitcoin purchases.
MicroStrategy has acquired more than $47 billion in Bitcoin assets.
Earlier today, MicroStrategy expanded its bitcoin portfolio for the eleventh consecutive week by acquiring 11,000 BTC at a cost of $1.1 billion. The company’s total bitcoin holdings have now reached 461,000 tokens, representing an investment valued at over $47 billion. This amount constitutes more than 2% of the total supply of bitcoin that will ever be created.
Following the election of President Donald Trump, Saylor has intensified his acquisition of Bitcoin, expecting a more advantageous regulatory landscape for cryptocurrencies. Nevertheless, although Trump signed multiple executive orders on his inaugural day, none pertained to the cryptocurrency sector, resulting in a decline in crypto-related stocks such as MicroStrategy. On Tuesday, MicroStrategy’s shares decreased by 7.25%, yet they have experienced a 28% increase this year, while Bitcoin has appreciated by 9.5%.
