Microstrategy intends to expand its authorized class A common stock from 330 million shares to 10.30 billion shares to facilitate the company’s extensive bitcoin acquisitions, according to Bloomberg. The plan is expected to be put to a vote at the shareholders’ meeting on Tuesday, Jan. 21.

About 47% of the voting power is controlled by Michael Saylor, the founder of Microstrategy, and this share increase will bring the total number of outstanding shares closer to those of market titans like Amazon and Alphabet.

Microstrategy declared in October that it would raise $42 billion in cash over three years to purchase bitcoin through debt sales and a share issuance program. Since then, the business has made ten straight weekly acquisitions, nearly doubling its bitcoin holdings to over $44 billion.

Investors would often disapprove of such a possible share increase since it dilutes voting rights, shareholder equity, and earnings per share. However, investors might not be bothered as Microstrategy’s shares have recorded remarkable returns of over 2,500%, since launching its bitcoin buying plan.

The company uses a metric it developed called bitcoin yield, which tracks the change in bitcoin holdings per diluted share over time but ignores fluctuations in the price of bitcoin to determine the acquisition value of bitcoin to shareholders.

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