Financial Insights That Matter
MicroStrategy Inc. shareholders voted for a 30 times increase to the number of authorized Class A common shares to help finance the company’s Bitcoin buying.
The enterprise software company turned leveraged Bitcoin proxy will increase its authorized Class A shares from 330 million to 10.3 billion as Chairman and co-founder Michael Saylor aims to increase the firm’s Bitcoin holdings. The vote was approved Tuesday, according to a recording of the shareholder meeting.
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