What percentage of voting power will Michael Saylor use in the January 21, 2025 shareholder vote?
Less than 40% • 25%
40% to 45% • 25%
45% to 50% • 25%
More than 50% • 25%
Public records or announcements detailing the voting results from MicroStrategy.
MicroStrategy to Increase Shares to 10.3 Billion; Saylor Hints at Bitcoin Purchase on Trump's Inauguration
Jan 19, 2025, 02:14 PM
MicroStrategy Inc. is set to bolster its Bitcoin acquisition efforts by proposing an increase in its authorized Class A common shares from 330 million to 10.3 billion. The shareholder vote on this proposal is scheduled for January 21, with founder and executive chairman Michael Saylor controlling about 47% of the voting power, making approval likely. The company has been purchasing Bitcoin for 11 consecutive weeks, raising its total holdings to 450,000 Bitcoins. Saylor has a pattern of posting on Sundays before announcing Bitcoin purchases on Mondays, though this week, purchases may be announced on Tuesday due to markets being closed for President Donald Trump's inauguration on January 20. Michael Saylor has hinted at another substantial Bitcoin purchase, posting, "Things will be different tomorrow." Observers speculate that MicroStrategy may buy $5 billion worth of Bitcoin, potentially increasing its holdings towards Saylor's goal of accumulating 1 million Bitcoins. MicroStrategy's aggressive Bitcoin strategy has reportedly resulted in approximately $47.3 billion worth of Bitcoin holdings and a 69% profit for the firm. Analysts note that with the increased share authorization, the company may have up to 10.3 billion shares to fund further Bitcoin purchases, potentially elevating its status among major market players.
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Replaced by External Candidate • 25%
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Remains CEO • 25%
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1.5% to 1.75% • 25%
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