MicroStrategy, now rebranded as Strategy, has once again made headlines with its largest Bitcoin purchase of the year—acquiring 20,356 BTC for nearly $2 billion. This latest acquisition underscores the company’s continued aggressive Bitcoin strategy despite market fluctuations and declining stock performance.

In a recent preliminary proxy filing with the Securities and Exchange Commission (SEC), MicroStrategy is seeking shareholder approval to significantly expand its authorized class A common stock from 330 million shares to a staggering 10.33 billion shares. This ambitious proposal, if approved, would theoretically provide enough stock at current share prices to acquire all the Bitcoin in circulation—nearly 20 million coins—valued at approximately $95,100 each.