MicroStrategy shareholders approve the issuance of additional shares to continue advancing the Bitcoin purchase plan.
According to a report from Theblock on January 21, Deep Tide TechFlow has announced that MicroStrategy shareholders approved two amendments to increase the authorized number of Class A common stock and preferred stock to support the company’s plan to purchase more Bitcoin.
Previously, the company announced a total of $42 billion "21/21 Plan," which involves issuing $21 billion in stock and $21 billion in fixed-income securities. As of January 20, the company still had approximately $5.42 billion in stock available for sale. Notably, on the same day, MicroStrategy announced that it had purchased 11,000 Bitcoins at an average price of $101,191, totaling approximately $1.10 billion, and currently holds 461,000 Bitcoins valued at over $48 billion.
MicroStrategy shareholders approve the issuance of additional shares to continue advancing the Bitcoin purchase plan.
According to a report from Theblock on January 21, Deep Tide TechFlow has announced that MicroStrategy shareholders approved two amendments to increase the authorized number of Class A common stock and preferred stock to support the company’s plan to purchase more Bitcoin.
Previously, the company announced a total of $42 billion "21/21 Plan," which involves issuing $21 billion in stock and $21 billion in fixed-income securities. As of January 20, the company still had approximately $5.42 billion in stock available for sale. Notably, on the same day, MicroStrategy announced that it had purchased 11,000 Bitcoins at an average price of $101,191, totaling approximately $1.10 billion, and currently holds 461,000 Bitcoins valued at over $48 billion.
