MicroStrategy Executive Chairman Michael Saylor has stirred conversations with a pointed remark on X, formerly Twitter. He has indicted interest in buying “all the world’s Bitcoin.”
MicroStrategy’s Saylor Drops Bombshell
In a post on X, Saylor spotlighted a Barron’s headline stating, “MicroStrategy Wants Ability to Issue Enough Shares to Buy All World’s Bitcoin.” Saylor reacted to the headline, stating, “I get all of my best ideas from Barron’s.” While it’s practically impossible since BTC HODLers would not give up their BTC any time soon, the statement reinforces the company’s bullish perspective on BTC’s future trajectory.
I get all of my best ideas from Barron’s. pic.twitter.com/rbk89bntfa
— Michael Saylor⚡️ (@saylor) December 24, 2024
The headline comes amid a pivotal period for MicroStrategy, as the company sharpens its focus on acquiring more Bitcoin. The business intelligence firm recently disclosed plans to convene a special meeting with shareholders to discuss proposals aimed at boosting its capacity to fund future Bitcoin purchases, marking a further step in its ambitious “21/21 plan.”
Key Proposals on the Table
The upcoming meeting will present several measures designed to enhance MicroStrategy’s financial flexibility and align leadership incentives with its Bitcoin-centric strategy. Key items include:
1. Expansion of Class A Shares: The firm has proposed increasing the number of authorized Class A shares from 330 million to 10.33 billion, a move intended to provide greater latitude for capital-raising initiatives.
2. Growth in Preferred Shares: Another proposal seeks to raise the number of authorized preferred shares from 5 million to 1.005 billion, broadening financing options for strategic goals.
3. Amendments to the Equity Incentive Plan: Adjustments to the 2023 Equity Incentive Plan include automatic equity awards for new directors, ensuring their interests align with the company’s Bitcoin-first vision.
These proposals reflect the company’s ongoing commitment to expanding its BTC reserves. The company recently acquired an additional $561 million worth of Bitcoin, bringing its total holdings to approximately 444,262 BTC, valued at $43.67 billion currently.
Also, it’s worth noting that since embracing a BTC-focused strategy in 2020, MicroStrategy has experienced unprecedented growth. Its market valuation has skyrocketed to $82 billion, marking an 80-fold increase.
Also Read: MicroStrategy’s Bitcoin Holdings Generate $299M Yield
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