📢 Breaking News! MicroStrategy Drives $42 Billion Capital Increase to Purchase Bitcoin!!

The U.S. publicly traded company MicroStrategy has once again increased its investment in Bitcoin, spending $561 million to purchase 5,262 BTC at an average price of $106,662, raising its total holdings to 444,262 BTC. The company also announced a special shareholders' meeting to promote a stock issuance to support its '21/21 Plan'.

MicroStrategy plans to conduct $21 billion in equity financing over the next three years and issue $21 billion in fixed income products, raising a total of $42 billion to purchase more Bitcoin.

Amended the company's articles to increase the authorized amount of Class A common stock from 330 million shares to 10.33 billion shares.

Increased the authorized amount of preferred stock to 1.005 billion shares.

Adjusted the 2023 stock incentive plan to allow new board members to automatically receive stock awards.

MicroStrategy has recently added three new board members: Brian Brooks, Jane Dietze, and Gregg Winiarski, who have extensive experience in digital assets, capital markets, and regulatory affairs, and will provide significant contributions to the company's long-term strategy.

As of December 22, 2024, MicroStrategy can still issue and sell shares worth approximately $7.08 billion under agreements signed with multiple financial institutions to support future Bitcoin purchasing plans.