According to ChainCatcher, Bitcoin News reported that MicroStrategy announced it would hold a special shareholder meeting to vote on key proposals aimed at accelerating the 21/21 Plan, simplifying the financing process, and aligning director compensation with the company's Bitcoin-centered strategy. Major 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 stock from 5 million shares to 1.005 billion shares to expand financing options.
Amend the 2023 equity incentive plan to provide automatic equity awards for new directors joining the board.
According to previous news, MicroStrategy proposed the '21/21 Plan', intending 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.
