Deep Tide TechFlow news, on December 31, according to TheBlock, MicroStrategy's stock price fell to $293.5 in after-hours trading on Monday, down 46% from its historical high in November. LVRG Research Director Nick Ruck pointed out that, considering MSTR's increased use of debt and equity to purchase Bitcoin, investors may have begun to think that MSTR's risks are too high.
On December 24, MicroStrategy submitted a proposal for a special meeting vote to shareholders, planning to significantly expand its capital stock. According to the proposal, the authorized amount of Class A common stock will be increased from 330 million shares to 10.33 billion shares, with a par value of $0.001 per share; at the same time, the authorized amount of preferred stock will be increased from 5 million shares to 1.005 billion shares. This is to support its $42 billion financing strategy.
