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MicroStrategy holds a special shareholders' meeting: plans to issue additional shares to raise $4.2 billion over the next three years to buy BTC
US-listed company MicroStrategy has once again increased its BTC holdings, spending $561 million to purchase 5,262 BTC at an average price of $106,662 per coin. The total number of holdings has now reached 444,262 BTC. The company has also announced a special shareholder meeting to propose an increase in authorized shares to support its '21/21 plan'. MicroStrategy has acquired a total of 5,262 BTC for approximately $561 million, with a total cost of $27.7 billion and an average purchase price of $62,257 per bitcoin. MicroStrategy has achieved a BTC yield of 47.4% QTD and 73.7% YTD. The company plans to hold the meeting to further advance its 21/21 plan, which aims to raise $21 billion through equity financing and the issuance of fixed-income products over the next three years. The proposal includes amending the company's charter, increasing authorized shares, adjusting the 2023 stock incentive plan, and adding three new board members. MicroStrategy also has $7 billion in funds available for future BTC purchases.