PANews December 24 news, according to Barron's Weekly citing the latest documents submitted by MicroStrategy, the company plans to dramatically increase the authorized number of common shares from the current 330 million to 10.3 billion, an increase of up to 3000%. This proposal will be voted on at a special shareholders' meeting. Based on the current stock price and Bitcoin price, this authorized quantity is sufficient to support MicroStrategy in acquiring all Bitcoin globally (approximately 20 million). In addition, MicroStrategy has recently raised funds through stock and convertible bond issuance to purchase Bitcoin, currently holding more than 2% of the total Bitcoin supply worldwide.
