MicroStrategy Shareholders to Vote on Stock Increase for Bitcoin Strategy
- MicroStrategy plans to increase authorized shares to support its Bitcoin purchasing strategy.
- The company currently holds approximately 450,000 BTC, valued at $48.5 billion.
- A shareholder meeting is scheduled for Tuesday at 10 a.m. New York time.
- Michael Saylor, co-founder and chairman, holds around 46% voting power through Class B shares.
- The firm aims to raise up to $2 billion via preferred stock offerings.
MicroStrategy’s shareholders will vote on increasing authorized shares as part of a broader strategy to bolster its substantial Bitcoin holdings, which are now valued at $48.5 billion.
Source (2.6)https://cryptobriefing.com/microstrategy-bitcoin-strategy-shareholders-vote/?rand=59535
