MicroStrategy shareholders approve increased share authorization to boost Bitcoin purchase plan

01/21/2025, 03:54 PM

PANews reported on January 21 that according to The Block, MicroStrategy shareholders voted to approve two amendments to increase the number of Class A common stock and preferred stock authorized by the company to support its plans to purchase more Bitcoin.

Last October, MicroStrategy announced the "21/21 Plan", which plans to issue a total of $21 billion in stocks and fixed-income securities for Bitcoin reserves. As of January 20, 2025, approximately $5.42 billion of shares under the plan are still available for sale, with the goal of raising a total of $42 billion for Bitcoin purchases.

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