Michael Saylor Leads Push for Massive Share Expansion to Fund Bitcoin Buys
20.01.2025 16:37 2 min. read Kosta Gushterov SHARE: 0 SHARES MicroStrategy is set to make a significant move in its corporate strategy, with shareholders preparing to vote on crucial proposals at a special meeting scheduled for Tuesday morning in New York. Among the key items on the agenda is a massive increase in the company’s authorized shares, paving the way for ambitious financial plans. The proposal seeks to expand authorized Class A common stock from 330 million to a staggering 10.3 billion shares and increase preferred shares from 5 million to 1 billion. This move, bolstered by the strong influence of co-founder Michael Saylor, who controls 46% of the company’s voting power through Class B shares, is expected to gain easy approval. MicroStrategy aims to use the additional shares to raise up to $2 billion through preferred stock offerings, which will take precedence over common stock. The funds will support the company’s ambitious “21/21 plan,” a three-year initiative to secure $42 billion via share issuances and debt sales for substantial Bitcoin acquisitions. Since unveiling the plan, the company has already made strides, acquiring 197,780 BTC through a series of weekly purchases. This aggressive strategy has brought it nearly halfway to its goal in a short period. Saylor has hinted that the company will revisit its broader financial approach once the target is reached. In addition to the share-related proposals, the meeting will address revisions to the company’s equity incentive plan, including automatic stock grants for newly appointed board members. MicroStrategy still has $6.5 billion available for equity offerings under its broader strategy. SHARE: 0 SHARES QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: