MicroStrategy Bitcoin Ambition: Shareholder Vote Scheduled for January 20

MicroStrategy Bitcoin Ambition: Shareholders to Decide on Share Expansion for Bitcoin Investments

In order to continue growing its Bitcoin treasury, leading enterprise software company MicroStrategy Inc. and its shareholders are scheduled to discuss the potential expansion of their authorized shares. The corporation informed the SEC in a preliminary notification in December 2024 that it intended to call a special meeting of its shareholders to vote on proposed changes to the company’s financial operations. The business has said that it will convene the meeting on January 21 after previously being silent about the date. However, the day before, on January 20, shareholders will be given the opportunity to vote on the proposed proposal.

MicroStrategy Aims to Raise $MSTR Shares to Fund BTC Reserves

Despite having already established itself as the largest corporate Bitcoin holder, MicroStrategy hopes to solidify its position by putting forward a new funding source to support its acquisition strategy. MicroStrategy has proposed to raise the authorized number of shares of class A common stock from 330,000,000 to 10,330,000,000, per its initial filings with the SEC. The action has caused debate and sparked conjectures about its possible effects on $MSTR‘s market performance, even though the voting has not yet taken place and it is still unclear whether the act will go into force.

Additionally, shareholders will vote at the meeting on whether the firm should raise the permitted amount of preferred stock shares from 5,000,000 to 1,005,000,000 shares. The corporation can sell more shares, which are currently worth $331, to raise more money to fund its Bitcoin reserve if the majority of votes support these plans.

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