MicroStrategy, Bitcoin $95,971.3 is taking new steps to increase its assets and expand its financing options. The company will hold a special shareholder meeting to discuss important proposals. This strategic move, led by Michael Saylor, aims to take the Bitcoin-focused approach even further.
Capital Increase and Executive Fees Will Be Discussed
MicroStrategy’s special shareholder meeting aims to revamp the company’s capital structure and align executive compensation with its Bitcoin vision. One of the main proposals on the agenda is to increase the number of Class A shares from 330 million to 10.33 billion. Additionally, an increase of more than 1 billion in preferred shares is planned. Changes to the company’s 2023 Share Incentive Plan will also be discussed at the meeting. This plan will include stock awards for new executives and support MicroStrategy’s long-term Bitcoin strategy.
This direction of the company reflects its unwavering commitment to Michael Saylor’s Bitcoin-focused strategy. MicroStrategy, which has accumulated 439,000 BTC in the last four years, has created a total value of over 42 billion dollars with these assets. Saylor expressed his belief in Bitcoin’s role in the future, saying, “Bitcoin’s potential is growing and this strategy is our foundation.”
MicroStrategy’s Place in the Market and the Status of Bitcoin
MicroStrategy ranks fourth in the world among Bitcoin-holding institutions. Only Satoshi Nakamoto, BlackRock Bitcoin ETF (IBIT) and Binance hold more BTC than MicroStrategy. Although the company is included in the Nasdaq 100 Index, its share values are decreasing. On Monday, MSTR stock fell 8.78% to $332.
Bitcoin prices also follow a fluctuating trend. BTC decreased by 2% in the last 24 hours, increasing its weekly loss to 11.52%. According to Coinglass, the liquidation of $65 million worth of Bitcoin reveals the current state of the market under pressure. However, MicroStrategy evaluates these developments in line with its long-term goals and is determined to expand its Bitcoin strategy.
These steps taken by the company are a critical move to consolidate its position as an important player in the Bitcoin market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
