MicroStrategy Plans to Increase Shares to Acquire More BTC

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MicroStrategy has put forth a proposal to increase its shares of Class A common stock and preferred stock, in order to better execute its Bitcoin strategy.

According to the company’s 14A proxy statement filed with the Securities and Exchange Commission, the proposed increase would see Class A common shares rise from 330 million to 10.33 billion, and preferred shares from 5 million to 1.005 billion.

This increase is in support of MicroStrategy’s “21/21” plan, a three-year $42 billion capital plan that aims to raise $21 billion in equity capital and $21 billion in fixed-income instruments such as debt, convertible notes, and preferred stock.

This plan is crucial for the company’s future Bitcoin purchases. The statement also outlines other proposals, such as a new equity incentive plan that will automatically grant equity awards to new directors.