MicroStrategy Wants To Buy Bitcoin Again, Target To Have BTC Worth 21 Billion US Dollars

JAKARTA - MicroStrategy Inc., the leading software company known as the largest corporate Bitcoin holder, is implementing a new strategy to buy Bitcoin. Michael Saylor's company will increase the number of outstanding company shares.

In December 2024, the company submitted an initial notification to the SEC regarding plans to hold a special meeting of shareholders on January 21, 2025, where they will vote on this proposal.

In its proposal, MicroStrategy proposed an increase in the number of ordinary A-class shares from 330 million to 10.33 billion, as well as preferencing stocks from 5 million to 1.005 billion. If approved, the company can sell more shares to raise additional funds to expand its Bitcoin reserves.

This stance is in line with the planned "21/21" announced in October 2024, in which MicroStrategy has ambitions to raise 21 billion US dollars (around Rp340.2 trillion) in the form of fixed income equity and instruments over the next three years to buy more Bitcoins.

As of early January 2025, MicroStrategy has accumulated around 447,470 Bitcoins with a total value of around 45 billion US dollars (around Rp729 trillion), based on the current price of Bitcoin. This aggressive strategy has triggered an increase in MicroStrategy (MSTR) shares which jumped more than 470% over last year.