MicroStrategy shareholders have approved a significant increase in the company’s authorized shares, expanding from 330 million to 10.3 billion. This move, backed by 55.8% of shareholders, sets the stage for potential large-scale fundraising efforts aimed at acquiring additional Bitcoin.
JUST IN: MicroStrategy shareholders approved increasing the total number of shares from 330 million to 10.3 billion, paving the way for future fundraising to acquire more Bitcoin (55.8% approval). pic.twitter.com/ATXYAgqRcU
— Bitcoin News (@BitcoinNewsCom) January 21, 2025
Strengthening MicroStrategy’s Bitcoin Strategy
The vote was held during a special shareholder meeting on Tuesday at 10 a.m. ET, was expected to pass smoothly due to the influence of the company’s co-founder and chairman, Michael Saylor. Holding approximately 46% of the company’s voting power through Class B shares, Saylor’s backing was a key factor in securing approval.
The company’s ambitious 21/21 plan targets raising $42 billion over three years via share issuances and debt sales to fund its Bitcoin acquisition strategy. Since the plan’s announcement, the firm has aggressively accumulated Bitcoin, adding 197,780 BTC over just 10 weeks–almost half of its target.
Alongside the stock increase, the company plans to issue up to $2 billion in preferred stock, which will take precedence over Class A shares. This additional funding mechanism is expected to provide financial flexibility as MicroStrategy continues expanding its Bitcoin reserves.
According to the latest announcement, MicroStrategy has acquired an additional 11,000 BTC for approximately $1.1 billion at an average price of $101,191 per Bitcoin. The company has achieved a BTC yield of 1.69% year-to-date in 2025. The firm now holds approximately 461,000 BTC, acquired for a total of $29.3 billion at an average price of $63,610 per Bitcoin.
The meeting is also expected to approve amendments to MicroStrategy’s equity incentive plan, which includes automatic equity grants for newly appointed board members.
Also Read: MicroStrategy Boasts $14B Profit From Bitcoin Investments in 2024
Source: https://www.cryptonewsz.com/microstrategy-shareholders-10-3-billion-shares/