MicroStrategy to hold special shareholder meeting to vote on key proposals including accelerating 21/21 plan

PANews reported on December 24 that according to Bitcoin News, MicroStrategy announced that it will hold a special shareholders meeting to vote on key proposals aimed at accelerating the 21/21 plan, simplifying the financing process, and aligning director compensation with the company's Bitcoin-centric strategy. The main proposals include:

  1. Increase authorized Class A shares from 330 million to 10.33 billion shares to support future financings;
  2. Increased authorized preferred stock from 5 million to 1.005 billion shares to expand financing options;
  3. Amend the 2023 Equity Incentive Plan to provide automatic equity awards to new directors joining the Board.

Earlier news , MicroStrategy proposed the "21/21 Plan", which plans to conduct US$21 billion in equity financing and US$21 billion in bond issuance in the next three years, using additional capital to purchase more BTC as financial reserve assets in order to achieve higher BTC returns.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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