MicroStrategy to Vote on Increasing Authorized Shares for Bitcoin Purchases

MicroStrategy Inc. plans to hold a special shareholder meeting on January 21, 2024, to discuss increasing its authorized shares for Bitcoin acquisitions.

The company aims to raise the number of authorized class A common stock shares from 330 million to 10.33 billion.
A vote will occur on January 20 regarding this increase and raising preferred stock from 5 million to 1.005 billion shares.
If approved, MicroStrategy can sell more shares, priced at $331 each, to fund its Bitcoin reserve.
This initiative supports the company's ongoing 21/21 Plan, started in October 2024, to enhance Bitcoin holdings and future capital market activities.