MicroStrategy Proposes $42 Billion 21/21 Plan to Boost Bitcoin Holdings, Joins Nasdaq 100

Dec 24, 2024, 02:53 AM

MicroStrategy Inc. has announced plans to significantly expand its Bitcoin acquisition strategy, proposing to increase its authorized shares from 330 million to 10.33 billion as part of its $42 billion '21/21 Plan'. This plan aims to raise $21 billion in equity and another $21 billion through fixed-income instruments over the next three years. The company, which recently joined the Nasdaq 100 index, currently holds 444,262 BTC, representing over 2% of Bitcoin's total supply. The proposed increase in shares is intended to provide MicroStrategy with the financial flexibility to continue its aggressive Bitcoin purchasing strategy, which has seen the company acquire Bitcoin for seven consecutive weeks. The plan also includes amendments to the company's 2023 Equity Incentive Plan, which would introduce automatic equity awards for new non-employee directors, aligning their compensation with the company's digital asset strategy.