{"id":821812,"date":"2025-01-22T05:11:28","date_gmt":"2025-01-22T11:11:28","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/22\/just-in-microstrategy-shareholders-approve-share-increase-for-42b-bitcoin-strategy\/"},"modified":"2025-01-22T05:11:28","modified_gmt":"2025-01-22T11:11:28","slug":"just-in-microstrategy-shareholders-approve-share-increase-for-42b-bitcoin-strategy","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/22\/just-in-microstrategy-shareholders-approve-share-increase-for-42b-bitcoin-strategy\/","title":{"rendered":"Just In: MicroStrategy Shareholders Approve Share Increase for $42B Bitcoin Strategy"},"content":{"rendered":"
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\"MicroStrategy<\/figure>\n<\/div>\n
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In an exciting development<\/a>, the Microstrategy shareholders have approved an increase in the number of authorized shares, paving the way for the company to expand its Bitcoin holdings further. The shareholders have approved a plan to increase the company\u2019s share supply, raising the total number of MSTR shares from 330 million to 10.3 billion. This increase will help support the company\u2019s strategy of acquiring more Bitcoin as part of its long-term treasury plan.<\/p>\n

Measure Passed With 56% Approval<\/h2>\n

On Tuesday, shareholders voted in favor of both increasing the number of authorized Class A common stock and preferred stock. The measure passed with 56% approval on Tuesday, allowing MicroStrategy to potentially surpass all but four of the largest Nasdaq 100 companies\u2014Nvidia, Apple, Alphabet, and Amazon\u2014in terms of shares outstanding. Besides, the company also increased its authorized preferred stock from 5 million to 1 billion shares.<\/p>\n

Notably, Last October, MicroStrategy announced its \u201c21\/21 plan,\u201d aiming to raise $21 billion in equity and $21 billion in fixed-income securities to support its Bitcoin treasury strategy. As of January 20, about $5.42 billion in shares remain available for sale, part of the company\u2019s goal to raise $42 billion for Bitcoin acquisitions.<\/p>\n

Microstrategy Now Owns Over $47B Worth BTC<\/h2>\n

Earlier today, MicroStrategy increased its bitcoin holdings for the eleventh consecutive week, purchasing 11,000 BTC for $1.1 billion. Its Total bitcoin holdings are now at 461,000 tokens and now owns over $47 billion worth of Bitcoin \u2014 more than 2% of all the tokens that will ever exist.<\/p>\n

Since the election of President Donald Trump, Saylor has increased Bitcoin purchases, anticipating a more favorable regulatory environment for crypto. However, despite Trump issuing several executive orders on his first day in office, none were related to crypto, leading to a drop in crypto-related stocks like MicroStrategy. MicroStrategy shares fell 7.25% on Tuesday but have risen 28% this year, while Bitcoin has gained 9.5%.<\/p>\n<\/div>\n

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\n Nidhi Kolhapur<\/p>\n","protected":false},"excerpt":{"rendered":"

In an exciting development, the Microstrategy shareholders have approved an increase in the number of authorized shares, paving the way for the company to expand its Bitcoin holdings further. The shareholders have approved a plan to increase the company\u2019s share supply, raising the total number of MSTR shares from 330 million to 10.3 billion. This<\/p>\n","protected":false},"author":1,"featured_media":821813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43078,23318],"tags":[],"class_list":["post-821812","post","type-post","status-publish","format-standard","has-post-thumbnail","category-microstrategy","category-shareholders"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/821812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=821812"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/821812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/821813"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=821812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=821812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=821812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}