🚀MicroStrategy advances Bitcoin 21/21 plan, seeks shareholder approval to expand Bitcoin holdings
On December 23, MicroStrategy submitted a proxy document to the U.S. Securities and Exchange Commission (SEC) seeking shareholder approval to promote its Bitcoin 21/21 plan. The goal of the plan is to deepen the company's investment in Bitcoin and optimize its financing process.
It is reported that MicroStrategy's "21/21 Plan" was disclosed in October and aims to purchase an additional $42 billion worth of Bitcoin within three years. To achieve this goal, the company will raise $21 billion through the issuance of shares and another $21 billion from fixed-income securities to achieve this goal.
This meeting will discuss three core topics:
1. Increase the number of Class A common shares that the company can issue from 330 million shares to 10.33 billion shares to provide greater flexibility for future financing activities.
2. Increase the number of authorized preferred shares from 5 million shares to 1.005 billion shares, thereby opening up more funding channels for the company's strategic actions.
3. Modify the equity incentive plan to allow new directors to receive equity rewards and ensure that their compensation is consistent with the company's Bitcoin strategy.
Since October 2024, MicroStrategy has raised more than $2 billion through equity and debt financing to increase its Bitcoin holdings, and has also consolidated its leadership in digital asset investment. The company said that these proposed amendments are intended to enhance the flexibility of financial strategies to adapt to market fluctuations and ensure consistency with the company's long-term goals.
Moreover, just one day before the announcement of this conference, MicroStrategy founder Michael Saylor also announced that they bought another 5,262 BTC, worth approximately $561 million. Now they hold a total of 444,262 BTC, with a total cost of $27.7 billion, and an average cost of $62,257 per BTC. The average price of this purchase is $106,662 per Bitcoin, which is also the most expensive they have ever bought.
💬 Do you think MicroStrategy's Bitcoin 21/21 plan will succeed? In your opinion, is the strategy of increasing stock issuance and authorizing preferred stock an effective means to achieve the company's strategic goals?
#MicroStrategy #比特币投资 #股东大会 #比特币策略