MicroStrategy Shareholders Approve Share Increase for Bitcoin Purchases
- MicroStrategy plans to increase authorized Class A common shares from 330 million to 10.3 billion.
- Preferred shares will rise from 5 million to 1 billion.
- The proposal received approximately 56% shareholder approval.
- The company aims to raise up to $42 billion for Bitcoin acquisitions.
- Recently, MicroStrategy purchased 11,000 BTC for $1.1 billion, totaling around 461,000 BTC holdings valued at over $48 billion.
The shareholders of MicroStrategy have approved a significant increase in the number of shares, aiming to raise up to $42 billion for further Bitcoin investments. This decision follows recent purchases that brought the company’s total Bitcoin holdings to approximately 461,000 BTC, valued at more than $48 billion.
Source (2.6)https://dailyhodl.com/2025/01/21/microstrategy-shareholders-vote-to-increase-number-of-shares-in-order-to-fund-bitcoin-btc-purchases/?rand=59076
