- MicroStrategy plans to raise $42 billion to acquire more Bitcoin, with $21 billion from equity and $21 billion from debt.
- The company holds 444,262 BTC, valued at $43.53 billion, after adding 42,162 BTC in December 2024.
- MicroStrategy strengthens leadership with new board members, including Brian Brooks, former CEO of Binance.US.
MicroStrategy, the Bitcoin-focused enterprise led by Michael Saylor, has proposed a groundbreaking plan to raise $42 billion to fuel its Bitcoin acquisitions. On December 23, 2024, the company filed with the U.S. Securities and Exchange Commission (SEC) seeking approval from its shareholders to implement a new capital strategy. The proposal includes expanding its equity-issuance program, which could significantly increase the company’s Bitcoin holdings.
The company’s “21/21 Plan,” introduced in October 2024, aims to raise $21 billion through equity sales and another $21 billion via fixed-income instruments such as debt and convertible notes. MicroStrategy has requested shareholder approval to increase its authorized Class A common stock from 330 million to 10.33 billion shares and preferred stock from 5 million to over 1 billion.
In December 2024, MicroStrategy added 42,162 BTC to its holdings, bringing its total to approximately 444,262 BTC, valued at $43.53 billion. The average purchase price of these Bitcoins was $62,257, totaling $27.7 billion. The company’s aggressive Bitcoin-focused strategy has propelled its stock price, reinforcing its position as a leader in the digital asset space.
MicroStrategy Strengthens Leadership as It Joins Nasdaq-100
MicroStrategy announced significant leadership changes just ahead of its inclusion in the Nasdaq-100 Index. On December 20, the company announced the appointment of former Binance.US CEO Brian Brooks, Galaxy Digital board member Jane Dietze, and Fanatics Holdings’ legal chief Gregg Winiarski to its board.
Brooks brings extensive regulatory experience and connections in the banking sector, having previously overseen the U.S. banking system as Comptroller of the Currency. His addition is a strategic move to strengthen MicroStrategy’s institutional partnerships. Despite leaving Binance.US in 2021, his appointment has garnered significant attention, with Swan Bitcoin calling it a “BIG deal.”
Dietze and Winiarski complement the leadership team by adding crypto-focused insights and legal expertise. Their appointments reflect company’s commitment to solid governance and continued leadership in the cryptocurrency space. The company’s aggressive Bitcoin acquisition strategy has played a key role in its growth.
The company now ranks among the largest firms in the Nasdaq-100, cementing its transformation from a software company to a Bitcoin hedge fund. MicroStrategy’s shareholders will also vote on governance measures, including increasing authorized shares and granting equity awards to new board members.
Related Reading: MicroStrategy Hints at Another Bitcoin Purchase Above $100,000
