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MicroStrategy just announced a share dilution plan that could become the craziest capital raise of the 21st century.
On Monday, MSTR was added to the tech-heavy Nasdaq 100 index, and after the close, the firm filed a public investor disclosure with the Securities and Exchange Commission (SEC) to accelerate its 21/21 Plan, a strategic initiative that aims to raise $42B for the purchase of BTC.
Shareholders will be asked to increase the amount of authorized MSTR common stock for sale to 10.33B shares, worth $3.5T at the time of this analysis. Additionally, the revised plan seeks to increase authorized preferred shares to 1.005B and approve automatic equity awards for new members who join the Board.
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