On January 17, it was reported that Michael Saylor of MicroStrategy Inc. may soon have an amount of common stock that is almost equal to the number of outstanding shares of market giants Amazon and Alphabet Inc. to fund the company's large-scale purchase of Bitcoin. Analysts expect that when shareholders vote on January 21, MicroStrategy will easily pass a company-sponsored proposal to increase the number of authorized Class A common shares from 330 million shares to 10.3 billion shares. Saylor controls about 47% of voting power. This would make it possible for MicroStrategy to have more outstanding shares than all companies in the Nasdaq 100 Index except Nvidia, Apple, Alphabet and Amazon. Company shareholders are also expected to pass an amendment on January 21 to increase the number of authorized preferred shares from 5 million to 1 billion shares. According to the proxy documents, MicroStrategy plans to use the issue to fund private transactions in Class A stocks, conduct market-sale equity issues, and settle redemptions or conversions of convertible bonds.