🚨🚨🚨🚨Breaking News 👩🏻💻👩🏻💻👩🏻💻
The news means that MicroStrategy, one of the largest institutional investors in Bitcoin, will hold a shareholders meeting to vote on a set of proposals. These proposals include:
1. Increase the number of authorized shares: The goal is to raise additional capital, either to support their current investments or to buy more Bitcoin.
2. Adjust executive compensation: To make compensation directly linked to the company’s strategy regarding Bitcoin. This could mean that executives could receive bonuses or salaries based on the company’s performance in the Bitcoin space.
Why is this important?
• Expand the company’s investment in Bitcoin: If the capital increase is approved, MicroStrategy could continue to buy more Bitcoin, further strengthening its reliance on the currency.
• Boosting confidence in their strategy: By tying executive compensation to their Bitcoin strategy, the company demonstrates a strong commitment to adopting Bitcoin as part of its long-term vision.