MicroStrategy plans to significantly increase the number of common shares from the current 330 million shares to 10.3 billion shares

PANews reported on December 24 that according to Barron's, citing documents submitted by MicroStrategy, MicroStrategy plans to significantly increase the number of authorized common shares from the current 330 million shares to 10.3 billion shares, an increase of 3,000%. This proposal will be voted on at the special shareholders' meeting. If calculated based on the current stock price and Bitcoin price, this authorized number is sufficient to support MicroStrategy's acquisition of all Bitcoins in the world (about 20 million). In addition, MicroStrategy has recently raised funds to purchase Bitcoin through the issuance of stocks and convertible bonds, and currently holds more than 2% of the total Bitcoin in the world.

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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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