MicroStrategy Drops Big Plans: Expanding Stock Issuance 30x to Buy More Bitcoin š°š
MicroStrategy just announced theyāre calling a special shareholdersā meeting to push through some game-changing proposals aimed at boosting their Bitcoin-focused strategy. They're making moves to streamline capital raising and align board compensation with their BTC-heavy vision. Here's the lowdown:
Key Proposals:
Class A Stock Increase: They want to increase the number of authorized Class A shares from 330 million to 10.33 billion. Yep, that's a whopping 31.3x jump. š¤Æ
Preferred Stock Expansion: The number of authorized preferred shares would jump from 5 million to 1.05 billion to open up more funding options.
Stock Incentives for New Board Members: The 2023 Stock Incentive Plan is getting a revamp to provide automatic stock compensation for new board members. Gotta keep the BTC visionaries happy, right? š¼
The deets on when this special meeting will happen havenāt been released yet. But if these moves get the green light, MicroStrategy is set to double down on its Bitcoin-buying spree. The company already has a crazy 440,000 BTC stash and plans to keep funding its purchases by issuing more shares. They're basically betting big that BTCās price surge will drive up stock value, rinse, and repeat. ššø
Keep your eyes on this one. MicroStrategy is playing a long game that could reshape corporate BTC strategies!
