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What will be the price range of Bitcoin by June 30, 2025?
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Resolution / Starting Odds
Below $20,000 • 25%
$20,000 to $40,000 • 25%
$40,001 to $60,000 • 25%
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Public cryptocurrency market data
Story
MicroStrategy Shareholders Approve Share Increase from 330M to 10.3B to Fund Bitcoin Purchases
Jan 21, 2025, 03:36 PM
On Monday, MicroStrategy shareholders approved two amendments to increase the company's authorized Class A common shares from 330 million to 10.3 billion, a 30-fold increase, with 55.8% voting in favor. This move allows the firm to raise capital through at-the-market (ATM) offerings, convertible notes, and preferred stock to finance additional Bitcoin acquisitions as part of CEO Michael Saylor's '21-21 plan.' Saylor, who controls 47% of the votes, was expected to secure approval for the proposal. Prior to the vote, MicroStrategy purchased $1.1 billion worth of Bitcoin, reinforcing its commitment to investing in the cryptocurrency.
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$25,000 to $35,000 • 25%
$35,000 to $45,000 • 25%
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$120,001 - $140,000 • 25%
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$500,001 to $1,000,000 • 25%
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Above $120,000 • 25%
$100,001 to $120,000 • 25%
Below $80,000 • 25%
$80,000 to $100,000 • 25%
$100,000 to $150,000 • 33%
Below $100,000 • 34%
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$105,001 to $110,000 • 25%
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$100,000 - $400,000 • 25%
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