MicroStrategy, led by Michael Saylor, plans to propose a significant increase in authorized shares to fund its Bitcoin buying strategy. Analysts expect the proposal to pass easily, with Saylor controlling about 47% of the voting power. MicroStrategy could have more outstanding shares than most of the largest Nasdaq 100 companies. Despite having over 10 billion authorized shares, only a small fraction has been sold so far. The company plans to raise up to $2 billion through preferred stock offerings. Shareholders are expected to approve an increase in authorized preferred stock from 5 million to 1 billion shares. MicroStrategy's plan to have such a large increase in shares is unique, and it could reduce the company's leverage, which is seen as a key factor in its Bitcoin strategy.



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