In October 2024, MicroStrategy presented an ambitious three-year capital strategy known as the 21/21 Plan. This plan aims to raise $21 billion in equity capital and another $21 billion through fixed-income instruments, including debt, convertible notes, and preferred stock. The proposals for the special meeting aim to support the implementation of this plan and other corporate purposes. Shareholders will also vote on a proposal to grant automatic stock awards to new Board members upon their appointment. Additionally, they will decide whether to approve or reject proposals to postpone the meeting if necessary to gather more proxies.
MicroStrategy has been in the spotlight recently due to its ongoing acquisitions of Bitcoin. Just in December, the company purchased 42,162 BTC, valued at over $4 billion at current market prices. By the end of October, MicroStrategy reported a Bitcoin yield of 17.8%, with plans to achieve a more moderate annual return of 6% to 10% between 2025 and 2027. Since then, the company has raised $13 billion through stock sales and $3 billion through convertible bonds. This aggressive Bitcoin strategy has significantly contributed to MicroStrategy's rise to the Nasdaq 100, marking a remarkable achievement for the company. In 2024, the company's bold Bitcoin strategy paid off as it joined the prestigious Nasdaq 100, with its stock rising over 422% year-to-date. This growth was driven by the company's ability to generate substantial market value, largely through its significant Bitcoin holdings, alongside a strong performance in its core software and business intelligence operations.
