MicroStrategy’s Bold Quest for the Ultimate Bitcoin Fortune!

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.

Even more bitcoin for MicroStrategy!

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.

The MSTR share price collapses

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.