MicroStrategy Proposes Increasing Authorized Shares from 330 Million to 10.33 Billion for $42 Billion Bitcoin Strategy

Dec 24, 2024, 03:34 AM

MicroStrategy has announced plans to hold a special shareholder meeting to vote on proposals aimed at enhancing its Bitcoin acquisition strategy. Key proposals include increasing the authorized Class A shares from 330 million to 10.33 billion and expanding preferred shares from 5 million to 1.005 billion. The company aims to bolster its $42 billion Bitcoin investment plan and align director compensation with its Bitcoin-focused strategy. The proposals reflect a significant shift in the company's approach as it seeks to raise capital for further Bitcoin purchases, which are part of its broader 21/21 Plan.