MicroStrategy Shareholders Approve 10.3 Billion Share Authorization for Bitcoin Strategy

TLDR

• MicroStrategy shareholders voted to increase Class A shares from 330 million to 10.3 billion
• Company plans to raise $46 billion through “21/21 Plan” to purchase more Bitcoin
• Currently owns 461,000 Bitcoin worth over $49 billion
• Company stock has risen over 3,000% since starting Bitcoin investment strategy
• Recently joined Nasdaq-100 index alongside major tech companies

MicroStrategy shareholders have voted to approve a dramatic increase in the company’s authorized Class A common shares, paving the way for expanded Bitcoin purchases. The vote allows the company to increase its share count from 330 million to 10.3 billion, representing a 30-fold expansion of its potential equity base.

The decision comes as part of MicroStrategy’s ambitious “21/21 Plan,” which aims to raise $46 billion for additional Bitcoin investments. Under this strategy, the company plans to generate $21 billion through equity sales and another $21 billion via fixed income securities.

MicroStrategy’s journey into Bitcoin began in 2020 when founder and chairman Michael Saylor initiated the company’s first cryptocurrency investment with a $250 million purchase. Since then, the software company has transformed into one of the largest corporate holders of Bitcoin, accumulating 461,000 coins worth over $49 billion at current market prices.

MicroStrategy has acquired 11,000 BTC for ~$1.1 billion at ~$101,191 per bitcoin and has achieved BTC Yield of 1.69% YTD 2025. As of 1/20/2025, we hodl 461,000 $BTC acquired for ~$29.3 billion at ~$63,610 per bitcoin. $MSTR https://t.co/SOgvMscghy

— Michael Saylor (@saylor) January 21, 2025

The company’s stock performance has validated this strategy in the eyes of many investors. Since announcing its initial Bitcoin investment, MicroStrategy’s shares have surged by more than 3,000%, attracting attention from both traditional finance and crypto enthusiasts.

December 2024 marked another milestone for the company as it joined the prestigious Nasdaq-100 index. This placement puts MicroStrategy alongside major technology companies like Apple and Microsoft, reflecting its growing influence in the market.

The shareholder approval for increased share authorization demonstrates continued support for MicroStrategy’s Bitcoin-focused strategy. This vote effectively provides the company with more tools to execute its expansion plans in the cryptocurrency market.

Current Bitcoin holdings represent a substantial portion of MicroStrategy’s assets, with the company maintaining its position through various market cycles. The price of Bitcoin, which currently trades above $105,000, has played a crucial role in the company’s market valuation.

Bitcoin Price on CoinGecko

Michael Saylor, who spearheads this strategy, has consistently promoted Bitcoin as “digital gold” and positions it as a hedge against inflation. His public statements emphasize the long-term value proposition for shareholders through sustained Bitcoin accumulation.

The company’s transformation from a traditional software provider to a Bitcoin-focused investment vehicle represents one of the most notable corporate cryptocurrency strategies to date. Regular Bitcoin purchases have become a cornerstone of MicroStrategy’s operations.

The “21/21 Plan” outlines a structured approach to expanding the company’s Bitcoin holdings. This latest shareholder vote provides the necessary foundation for implementing this plan through increased equity offerings.

Market response to MicroStrategy’s strategy has remained positive, as evidenced by the company’s inclusion in the Nasdaq-100 index. This recognition places the company among the top non-financial companies listed on the Nasdaq stock market.

The approved increase in share authorization gives MicroStrategy flexibility in timing its future Bitcoin purchases. The company can now potentially issue new shares when market conditions are favorable.

Financial data shows that MicroStrategy’s Bitcoin investment has generated substantial returns for early shareholders. The company’s stock performance has outpaced many traditional tech investments since implementing its Bitcoin strategy.

Recent trading activity shows Bitcoin at $105,154.89, with a 9.10% increase in recent trading. This price level directly impacts the value of MicroStrategy’s holdings and its overall market position.

The shareholder vote took place on Tuesday, with the results announced via a recorded meeting according to Bloomberg reports. This approval marks the latest development in MicroStrategy’s ongoing Bitcoin accumulation strategy.

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