MicroStrategy's latest Bitcoin purchase of 5,262 tokens at $106,662 each marks a strategic turn to aggressively pursue its vision of becoming a 'Bitcoin Treasury Company,' even as it risks substantial shareholder dilution.
The company, aiming to finance its Bitcoin accumulation strategy, is seeking shareholder approval to massively increase its number of shares. This proposed dilution could lead to investor backlash despite support for its crypto ambitions.
MicroStrategy's plan, described as the 21/21 Plan, outlines a $42 billion capital expenditure over three years, with a clear commitment to utilizing about half the funds to purchase Bitcoin.
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