MicroStrategy, known for its aggressive Bitcoin acquisition strategy, announced shareholder approval for amendments to increase authorized shares, enhancing its Bitcoin treasury reserve strategy. The company aims to raise $21 billion in equity and $21 billion in fixed-income securities for Bitcoin purchases. Recently, MicroStrategy bought 11,000 BTC for $1.1 billion, holding 461,000 BTC in total. Despite these moves, the company's shares fell by 1.91%.

MicroStrategy, the IT company known for its aggressive Bitcoin acquisition strategy, announced today that its shareholders have approved two amendments aimed at increasing the company&#039;s authorized shares. The move aims to strengthen MicroStrategy&#039;s ability to execute its Bitcoin treasury reserve strategy. The company previously announced its ambitious “21\/21 plan” in October, outlining a goal to raise $21 billion in equity and $21 billion in fixed-income securities. These funds were earmarked for Bitcoin purchases as part of the company’s long-term strategy. As of Jan. 20, MicroStrategy reported that it had approximately $5.42 billion worth of stock available for sale, with a goal of purchasing $42 billion worth of BTC.  Today, shareholders voted in favor of increasing the number of authorized Class A common stock and preferred stock, paving the way for additional fundraising efforts. Today, MicroStrategy made its latest Bitcoin purchase, purchasing 11,000 BTC for $1.1 billion at an average price of $101,191 per Bitcoin. The company currently holds 461,000 BTC, worth over $48 billion at current market prices. However, the company&#039;s shares fell 1.91% today. *This is not investment advice.

MicroStrategy Expands Bitcoin Acquisition Strategy with Shareholder Approval

MicroStrategy Expands Bitcoin Acquisition Strategy with Shareholder Approval