MicroStrategy has submitted a proxy filing with the SEC seeking shareholders approval to boost its Bitcoin's 21/21 Plan.
Software company MicroStrategy is calling a special shareholder meeting to expand its equity-issuance plan and purchase more Bitcoin (BTC).
According to a Dec. 23 proxy filing with the Securities and Exchange Commission, the company is seeking permission to increase the number of authorized shares for both Class A common stock and preferred stock, giving it more flexibility to issue additional shares as needed in the future.
The first amendment seeks to raise the authorized Class A common stock from 330 million shares to 10.33 billion shares, while the second amendment aims to increase the authorized preferred stock from 5 million shares to over 1 billion shares.
