CoinVoice has recently learned that, according to Bitcoin News, MicroStrategy announced it will hold a special shareholders' meeting to vote on key proposals aimed at accelerating the 21/21 plan, streamlining the financing process, and aligning director compensation with the company's Bitcoin-centric strategy. The main proposals include:
Increase the authorized Class A shares from 330 million shares to 10.33 billion shares to support future financing; increase the authorized preferred shares from 5 million shares to 1.005 billion shares to expand financing options; amend the 2023 equity incentive plan to provide automatic equity awards to new directors joining the board.
It was previously reported that MicroStrategy proposed the '21/21 Plan,' which aims to raise $21 billion in equity financing and $21 billion in bond issuance over the next three years, using the additional capital to purchase more BTC as a financial reserve asset to achieve higher BTC returns. [Original link]
