Market
Will MicroStrategy's stock price increase by 20% by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Public stock market data for MicroStrategy (MSTR)
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.
View original story
Similar markets
Increase by 0-20% • 25%
Decrease by 0-20% • 25%
Decrease by more than 20% • 25%
Increase by more than 20% • 25%
Yes • 50%
No • 50%
No • 50%
Yes • 50%
Decrease by 0% to 10% • 25%
Decrease by more than 10% • 25%
Increase by more than 10% • 25%
Increase by 0% to 10% • 25%
No • 50%
Yes • 50%
Significantly underperforms Bitcoin • 25%
Outperforms Bitcoin • 25%
Performs equally to Bitcoin • 25%
Underperforms Bitcoin • 25%