Shareholders of the American company MicroStrategy gave the go-ahead to buy billions of dollars worth of bitcoins, so the firm will continue to invest in the main cryptocurrency.
On January 21, a vote was held on increasing the number of Class A preferred shares from 330 million to 10,3 billion and increasing the maximum number of securities that the company has the right to issue to investors from 5 million to 1 billion. Both proposals received 56% of the votes and were approved, as expected, because the company's CEO Michael Saylor, who is lobbying for the implementation of these initiatives, accounts for 47% of the votes. That is, minus Michael, the proposals were supported by no more than 9% of shareholders.
The vote clears the way for Saylor to move forward with a plan to issue new shares and convertible bonds that can be exchanged for MicroStrategy securities. In doing so, Michael hopes to raise $42 billion in capital by 2027 and spend the lion's share of the funds on bitcoin.
MicroStrategy employees have been purchasing bitcoins weekly for the past 11 weeks, so the company has a stock of coins on its balance sheet increased up to 461,000 BTC worth $48,7 billion at the current exchange rate. However, these trades have exhausted the firm's foreign exchange reserves, leaving the organization with $5,4 billion in unsold shares. This suggests that MicroStrategy will be able to buy bitcoin for another five weeks without issuing new securities.
MicroStrategy's Bitcoin Purchase Moments Over the Past Few Months
Notably, the dilution of share capital has not yet had a negative impact on the MicroStrategy stock market. Since the beginning of 2025, the organization's assets went up by 30%, and over the last year their price has increased more than eightfold. Therefore, it becomes obvious that there is no end to those wishing to buy shares of the company.
