MicroStrategy, the world's leading bitcoin holding company, is proposing a massive increase in its shares to finance the purchase of more BTC. This initiative, aiming to raise $42 billion, reflects the company's ambitious strategy to strengthen its position in the BTC treasury space.
Even more bitcoin for MicroStrategy!
MicroStrategy, the world's largest bitcoin holding company, recently proposed a massive increase in its shares to fund the purchase of more BTC. This proposal, submitted to shareholders, aims to increase the number of Class A common shares from 330 million to 10.33 billion and preferred shares from 5 million to 1.005 billion.
This initiative is part of MicroStrategy's “21/21” plan, an ambitious three-year program aimed at raising $42 billion, split evenly between equity and debt instruments. This plan supports the company's strategy to acquire more bitcoin, thereby cementing its position as a leader in the bitcoin treasury space.
In addition to the stock increase, MicroStrategy also proposed a new equity incentive plan, which would automatically award equity awards to new directors. This proposal reflects a new step in the company's evolution as a bitcoin treasury company and its ambitious goals for the future.
MSTR price collapses
Despite these announcements, MicroStrategy's (MSTR) stock price has fell by 8.78% as of Monday's close, reaching $332.23, and has lost 17.6% over the past month. Nonetheless, MicroStrategy shares have grown an impressive 450% over the past year.
Additionally, Michael Saylor, announced that the company recently acquired an additional 5,262 bitcoins for approximately $561 million, bringing its total holdings to 444,262 BTC, currently worth over $41.6 billion. .
In short, the proposed increase in MicroStrategy shares under the leadership of Michael Saylor marks a significant step in its bitcoin acquisition strategy, reflecting its continued confidence in the long-term potential of this cryptocurrency.
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