MicroStrategy, the largest corporate holder of Bitcoin, plans to hold a shareholder meeting to discuss several items, including increasing the number of shares.
Goals of the Shareholder Meeting
According to the preliminary notice filed with the SEC, the MicroStrategy shareholder meeting is scheduled for early 2025. During the meeting, shareholders will discuss the company's three-year goals under the 21/21 plan, which aims to raise $42 billion in capital.
Proposed Changes to Shares
Shareholders will be asked to vote on increasing the number of authorized common stock from 330 million to 10.33 billion shares, as well as increasing preferred stock from 5 million to over 1 billion shares.
Additional Agenda Items
Additionally, the meeting will cover the provision of automatic equity award grants to new Board members upon appointment and possibly adjourning the Special Meeting to solicit more proxies if required.
The decisions made at the upcoming MicroStrategy shareholder meeting may significantly impact the company's strategies moving forward.
