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MicroStrategy Seeks 2,200% Share Rise for Bitcoin Strategy

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by A1

13 hours ago


MicroStrategy has announced plans to hold a special shareholder meeting to strengthen its Bitcoin acquisition strategy through a significant increase in shares.

Increase in Shares

MicroStrategy proposed to raise authorized Class A shares from 330 million to 10.33 billion and authorized preferred shares from 5 million to 1.005 billion. This marks a 2,200% increase to enhance the company's funding capabilities.

Aligning Board Compensation

The company aims to amend the 2023 equity incentive plan to automatically grant equity awards to new board members, capped at $3 million each, aligning long-term interests.

Community Reactions

The proposals have sparked mixed reactions within the cryptocurrency community. Supporters see it as a testament to MicroStrategy's confidence in Bitcoin's long-term potential. However, concerns about potential shareholder dilution have arisen.

The outcome of the shareholder meeting could be pivotal for MicroStrategy’s strategy to expand Bitcoin reserves. Approval would reinforce the company's position as a leader in Bitcoin adoption.

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