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Analysts are confident that MicroStrategy will receive shareholder approval to issue 10 billion shares to raise funds for bitcoin.

The shareholders' meeting and vote will take place on January 21. If approved, the company will increase the number of Class A common shares from 330 million to 10.33 billion, and preferred shares from 5 million to 1.005 billion.

Analysts polled by Bloomberg expect that MicroStrategy shareholders will easily support the company's proposal to increase the maximum number of shares. If approved, MicroStrategy will be able to issue more shares than almost all of the largest participants in the Nasdaq 100 index, with the exception of four of the top five, such as Amazon and Alphabet (Google).

It is assumed that this will be part of MicroStrategy's fundraising program called the "21/21 Plan", which is designed for three years. The company plans to raise $42 billion to buy bitcoin. According to the plan, MicroStrategy intends to raise $21 billion by placing shares on the open market

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