MicroStrategy is seeking shareholder approval to increase its authorized shares to 10 billion, aiming to accelerate its Bitcoin acquisition strategy.
MicroStrategy (MSTR) is planning to increase its share count to 10 billion to accelerate its Bitcoin ( BTC ) acquisition program. The firm notified shareholders of a special meeting to seek approval for the share increment. If approved, the class A common stock would be increased from 330 million to 10.3 billion shares, and the preferred stock would be expanded to 1 billion from the current 5 million shares.
This would bring total share counts to over 11 billion, which the company said would help achieve its BTC acquisition strategy dubbed the '21/21 Plan'. Announced in October 2024, the plan targets $42 billion in capital raised through equity issuance ($21B) and $21B debt instruments (convertible notes) in the next three years. MicroStrategy stated that the move would allow them to expand the types of securities they offer and execute on their business strategy without using cash or Class A Stock. Some analysts believe that this move could push the BTC price higher. Since the 21/21 Plan announcement, MicroStrategy has acquired 192,042 Bitcoins, including the latest bid of 5,262 BTC on December 23rd. The firm now holds 444,262 BTC, worth nearly $42 billion per current price. MSTR pumped 11% following MicroStrategy’s latest BTC bid. However, the stock’s price has declined nearly 40% amid BTC correction from $108K to a low of $92K. But it had 263% gains on a year-to-date (YTD) compared to BTC’s 112%
Microstrategy Bitcoin BTC 21/21 Plan Share Increase
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