MicroStrategy, the largest bitcoin investor among public companies, has proposed to increase the number of shares to implement its strategy for expanding investments in cryptocurrency. This information appeared in a statement from the organization sent to the U.S. Securities and Exchange Commission (SEC).$BTC $DF $USUAL
The proposal includes increasing Class A shares from 330 million to 10.33 billion and preferred shares from 5 million to 1.005 billion. These measures are intended to support the company's '21/21' strategy, which aims to raise $42 billion in capital, including $21 billion through equity and $21 billion through debt instruments.
Additionally, MicroStrategy has expanded its board of directors to nine members. This includes former Binance CEO Brian Brooks.
It should be noted that earlier reports emerged that MicroStrategy may slow down its bitcoin purchases amid the company’s inclusion in the NASDAQ 100 index.#2024To2025 #2024withBinance #2024Crypto