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MicroStrategy, a global leader in bitcoin holdings, is proposing a massive increase in its shares to finance the purchase of more bitcoins. This initiative, aiming to raise $42 billion, reflects the company’s ambitious strategy to strengthen its position in BTC treasury management.
MicroStrategy, the largest bitcoin-holding company in the world, has recently proposed a massive increase in its shares to finance the purchase of more BTC. This proposal, submitted to shareholders, aims to increase the number of Class A common shares from 330 million to 10.33 billion and preferred shares from 5 million to 1.005 billion.
This initiative is part of MicroStrategy’s “21/21” plan, an ambitious three-year program aimed at raising $42 billion, to be evenly distributed between equity capital and debt instruments. This plan supports the company’s strategy to acquire more bitcoin, thereby consolidating its position as a leader in bitcoin treasury management.
In addition to the share increase, MicroStrategy has also proposed a new stock incentive plan, which would automatically grant stock rewards to new directors. This proposal reflects a new step in the evolution of the company as a bitcoin treasury firm and its ambitious goals for the future.
Despite these announcements, the share price of MicroStrategy (MSTR) fell by 8.78% at the close of Monday, reaching $332.23, and has lost 17.6% over the past month. Nevertheless, MicroStrategy’s shares have seen impressive growth of 450% over the past year.
Additionally, Michael Saylor announced that the company has recently acquired an additional 5,262 bitcoins for about $561 million, bringing its total holdings to 444,262 BTC, currently valued at over $41.6 billion.
In summary, the proposed increase in MicroStrategy’s shares driven by Michael Saylor marks a significant step in its bitcoin acquisition strategy, reflecting its continued confidence in the long-term potential of this cryptocurrency.
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Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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