MicroStrategy Plans Special Shareholder Vote to Increase Authorized Shares from 330M to 10.33B for $42B Bitcoin Strategy

Dec 24, 2024, 01:17 AM

MicroStrategy has announced plans to hold a special meeting for shareholders to vote on key proposals aimed at enhancing its Bitcoin investment strategy. The proposals include increasing the authorized Class A shares from 330 million to 10.33 billion and expanding the preferred shares from 5 million to 1.005 billion. This move is designed to facilitate capital raising and align director compensation with the company's focus on Bitcoin. The meeting is part of MicroStrategy's ongoing efforts to bolster its $42 billion Bitcoin investment plan, which is central to its operational strategy as a Bitcoin Treasury Company.