MicroStrategy Calls Special Shareholder Meeting to Advance 21/21 Bitcoin Plan

Company Bitcoin investor MicroStrategy has introduced a Particular Assembly of Shareholders to handle proposals that purpose to advance its Bitcoin-focused 21/21 Plan whereas concurrently streamlining capital-raising efforts.

In a letter from the Government Chairman, the corporate outlined three main agenda objects to be determined throughout the assembly, which will likely be performed nearly.

MicroStrategy’s New Proposals

The primary proposal seeks to amend the corporate’s Second Restated Certificates of Incorporation to extend the variety of licensed Class A shares from 330 million to 10.33 billion. This might facilitate potential future capital-raising actions.

The second includes rising licensed most well-liked shares from 5 million to 1.005 billion and providing expanded financing choices for strategic initiatives.

Lastly, the corporate goals to amend its 2023 Fairness Incentive Plan to grant automated fairness awards to new administrators becoming a member of the Board, aligning their compensation with MicroStrategy’s long-term Bitcoin technique.

Since October 2024, the agency has raised over $2 billion by means of fairness and debt devices to develop its Bitcoin holdings, ramping up its position as a company chief in digital asset funding. In response to the letter, the proposed amendments would supply the pliability wanted to adapt the corporate’s monetary technique to evolving market situations whereas making certain sustained alignment with its long-term objectives.

Whereas the corporate highlighted the potential for enhanced shareholder worth by means of these measures, it went on so as to add that the elevated share authorizations wouldn’t lead to instant dilution however as a substitute provide a framework for gradual implementation.

Aggressive Bitcoin Pile-Up

The most recent improvement comes only a day after MicroStrategy founder Michael Saylor announced buying 5,262 BTC between December 16 and 22. This stash is value roughly $561 million and brings its complete Bitcoin holdings to 444,262 BTC, acquired at an combination value of $27.7 billion, with a median price of $62,257 per BTC.

Curiously, the acquisition was made at a median value of $106,662 per Bitcoin, which marks the best value the agency has ever paid per coin.