MicroStrategy Proposes Share Increase to Strengthen Bitcoin $BTC Strategy
MicroStrategy (MSTR), a leading software development company and the world’s largest institutional holder of Bitcoin (BTC), has proposed a massive increase in its share count to support its Bitcoin-focused strategy.
According to documents filed with the U.S. Securities and Exchange Commission (SEC), the company plans to raise its Class A common shares from 330 million to 10.33 billion and its preferred shares from 5 million to 1 trillion.
In an official statement, MicroStrategy emphasized its commitment to Bitcoin and expressed its intention to enter a new chapter with ambitious growth goals.
This proposal aligns with the company’s 21/21 Plan, which aims to raise $42 billion in capital over the next three years to acquire more Bitcoin and reinforce its position in the digital asset market.
Since 2020, MicroStrategy has made Bitcoin the primary reserve asset in its treasury. As of now, the company holds 444,262 BTC valued at over $41.6 billion.
This move highlights MicroStrategy’s long-term confidence in Bitcoin’s potential as a store of value and its commitment to expanding Bitcoin adoption globally.