MicroStrategy, the business intelligence company known for its substantial Bitcoin holdings, has announced a special shareholders meeting to advance its bold $42 billion Bitcoin acquisition strategy, dubbed the "21/21 Plan."
The company seeks shareholder approval to increase its authorized shares for both Class A common stock and preferred stock, aiming to create more flexibility for future equity issuances to support continued Bitcoin purchases.
The announcement comes as MicroStrategy demonstrates an aggressive acceleration in its Bitcoin acquisition efforts. In December alone, the company added 42,162 Bitcoin to its holdings. As of December 22, MicroStrategy's Bitcoin treasury has grown to over 444,000 BTC, with a market value of approximately $43.5 billion at current prices.
This latest move aligns with MicroStrategy's long-term strategy of using Bitcoin as its primary treasury reserve asset. The company has consistently positioned itself as one of the largest institutional holders of Bitcoin, with its holdings representing a substantial portion of its market value.
The special shareholders meeting will be a critical milestone in determining the company's ability to execute its ambitious cryptocurrency acquisition plans. If approved, the increased share authorization would provide MicroStrategy with additional resources to continue its Bitcoin accumulation strategy.
The timing of this announcement coincides with broader institutional interest in cryptocurrency, including the recent launch of Bitcoin ETFs in the United States, highlighting the growing mainstream acceptance of digital assets as a legitimate investment vehicle.