MicroStrategy shareholders have voted to increase the company's share supply from 330 million to 10.3 billion to support its Bitcoin acquisition strategy. This move aims to enhance the firm's Bitcoin Treasury Reserve agenda by providing a larger reserve base for debt offerings to purchase more Bitcoin. The approval received 55.8% of eligible votes. MicroStrategy recently acquired 11,000 $BTC for $1.1 billion, bringing its total to 461,000 BTC. Despite market volatility, the company continues its Bitcoin purchases, viewing the share increase as essential for long-term sustainability. Michael Saylor, holding a 47% stake, influenced the approval, advocating for strategic Bitcoin reserves in the US.
MicroStrategy shareholders have voted to increase the company's share supply from 330 million to 10.3 billion to support its Bitcoin acquisition strategy. This move aims to enhance the firm's Bitcoin Treasury Reserve agenda by providing a larger reserve base for debt offerings to purchase more Bitcoin. The approval received 55.8% of eligible votes. MicroStrategy recently acquired 11,000 BTC for $1.1 billion, bringing its total to 461,000 BTC. Despite market volatility, the company continues its Bitcoin purchases, viewing the share increase as essential for long-term sustainability. Michael Saylor, holding a 47% stake, influenced the approval, advocating for strategic Bitcoin reserves in the US.