MicroStrategy Shareholders Approve Massive Stock Increase to Fund Bitcoin Purchases

The company plans to raise $42 billion through equity and debt to expand its Bitcoin holdings, which now total 461,000 BTC.

Shareholders voted to increase authorized Class A shares from 330 million to 10.3 billion and preferred stock from 5 million to 1 billion.
The move supports MicroStrategy's '21/21 Plan' to raise $21 billion in equity and $21 billion in fixed-income securities for Bitcoin acquisitions.
The company recently purchased 11,000 BTC for $1.1 billion, bringing its total holdings to 461,000 BTC valued at approximately $48 billion.
MicroStrategy's average Bitcoin acquisition cost is $63,610 per BTC, with unrealized gains of nearly 66% on its holdings.
Critics question the risks of reliance on Bitcoin price appreciation and equity financing, while supporters see it as a bold market positioning strategy.