MicroStrategy Holds Shareholder Meeting to Expand Stock Issuance Limit for "Bitcoin Purchase"

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MicroStrategy is reportedly holding a special shareholder meeting regarding the expansion of its stock issuance limit.

According to Bitcoin Magazine on the 24th (local time), MicroStrategy plans to hold a special shareholder meeting to expand its stock issuance limit in order to sell more shares and purchase Bitcoin.

MicroStrategy plans to increase the common stock issuance limit from the current 330 million shares to 10.33 billion shares, and to expand the approved preferred stock issuance limit from the current 5 million shares to 1.05 billion shares to broaden funding options.

Meanwhile, MicroStrategy sold approximately $561 million worth of shares the previous day to purchase an additional 5,262 BTC. The company's current Bitcoin holdings are estimated at 444,262 BTC.