At the upcoming meeting, MicroStrategy plans to vote on raising authorized Class A common stock significantly. They also propose to increase preferred shares from 5 million to 1 billion. This increase will facilitate more aggressive Bitcoin acquisitions.
Co-founder Michael Saylor, holding about 46% voting power, is expected to ensure the success of these proposals. His influence is crucial in navigating the amendments and potential expansions in stock offerings.
MicroStrategy’s ambitious strategy aims to raise 42 billion USD over three years to fund Bitcoin purchases. Currently, the company holds around 450,000 BTC, valued at approximately 48.5 billion USD. This strategy reflects its commitment to enhancing Bitcoin assets.