Powered by ChatGPT

MicroStrategy Shareholders Approve Share Increase to Boost Bitcoin Holdings

CoinGapeJan 21, 2025

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.

All You Need to Know in 10s
Your One-Stop Crypto Investment Powerhouse
Powered by ChatGPT

MicroStrategy Shareholders Approve Share Increase to Boost Bitcoin Holdings

CoinGapeJan 21, 2025

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.

Scan QR Code to Explore more key information
One-stop financial research platform for Crypto Investors