MicroStrategy Plans Significant Increase in Authorized Shares for Bitcoin Strategy
- MicroStrategy intends to increase its Class A common shares from 330 million to 10.3 billion.
- The proposal will be voted on by shareholders on January 21.
- Michael Saylor, co-founder and chairman, holds 47% of the voting power.
- The company recently acquired 2,530 BTC for $243 million, raising total holdings to 450,000 BTC.
- MicroStrategy’s shares have surged over 2,500% since adopting its Bitcoin strategy in 2020.
If approved, MicroStrategy’s proposal would position it among the largest companies by authorized share count on the Nasdaq 100 Index. The move aims to support its ongoing Bitcoin acquisition strategy.
Source (2.6)https://coingape.com/michael-saylors-microstrategy-to-boost-bitcoin-strategy-with-this-move/?rand=24432
