According to Deep Tide TechFlow news on December 24, market sources report that MicroStrategy has submitted a special meeting voting proposal to shareholders, planning to significantly expand its capital stock. According to the proposal, the authorized number of Class A common stock will be split and increased from 330 million shares to 10.33 billion shares, with a par value of $0.001 per share; meanwhile, the authorized number of preferred stock will increase from 5 million shares to 1.005 billion shares.
In addition, the proposal also includes amendments to the 2023 equity incentive plan, providing automatic equity awards for new directors and authorizing the suspension of special meetings to solicit additional votes when necessary. The proposal is signed by the company's Executive Vice President, General Counsel, and Secretary W. Ming Shao, and will be voted on in 2025 in Tysons Corner, Virginia.
Currently, MicroStrategy's stock price is approximately $346. If this capital expansion plan is approved, it will significantly enhance stock liquidity and attract more retail investors to participate.