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ADA $0.2194 -0.06%
BCH $258.31 -0.13%
LINK $12.51 -1.73%
HYPE $84.69 -0.62%
AAVE $128.91 -2.17%
SUI $0.8117 -0.79%
XLM $0.1878 -2.79%
ZEC $1,178.18 +3.73%

MicroStrategy will hold a special shareholder meeting to vote on key proposals such as the acceleration of the 21/21 plan

2024-12-24 08:47:52

ChainCatcher news, according to Bitcoin News, MicroStrategy announced that it will 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-centric strategy. The main proposals include:

  1. Increasing the authorized Class A shares from 330 million to 10.33 billion to support future financing;
  2. Increasing the authorized preferred shares from 5 million to 1.005 billion to expand financing options;
  3. Amending the 2023 equity incentive plan to provide automatic equity awards for new directors joining the board.

Previous news, MicroStrategy proposed the "21/21 plan," which aims to conduct $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.

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