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News

MicroStrategy Shareholder Vote on Key Proposals, Including 21/21 Plan

December 24, 2024 - Around 2 mins mins to read

Key Points:

  • MicroStrategy announces a special shareholder meeting to vote on key proposals, including accelerating the 21/21 plan.
  • Proposals include raising Class A shares from 330M to 10.33 billion to fuel capital raising.
  • Shareholders will vote on increasing preferred shares and aligning director compensation with the company’s Bitcoin strategy.
MicroStrategy shareholders are meeting to vote on key proposals to advance its 21/21 Plan, streamlining capital raising and aligning director compensation with its Bitcoin-focused strategy.
MicroStrategy Shareholder Vote on Key Proposals, Including 21/21 Plan

MicroStrategy’s Bold Move to Increase Authorized Shares for Capital Raising

The meeting will provide MicroStrategy shareholders an opportunity to approve significant changes to the company’s capital structure, which are designed to support the firm’s long-term growth and its commitment to Bitcoin.

The first proposal is a dramatic increase in authorized Class A shares, from 330 million to an impressive 10.33 billion. This change is intended to bolster the company’s ability to raise capital for future ventures and expand its holdings in Bitcoin, further solidifying MicroStrategy’s position as a leader in the crypto space.

Read more: MicroStrategy Bitcoin Investment Continues As 2024 Draws to a Close

MicroStrategy to Offer Greater Financing Flexibility with Preferred Shares Increase

The second proposal seeks to increase authorized preferred shares from 5 million to 1.005 billion, offering greater flexibility in financing options for the company. This move will allow MicroStrategy shareholders to benefit from more diverse funding channels as the company invests heavily in Bitcoin and other strategic initiatives.

Finally, the company has proposed amendments to the 2023 Equity Incentive Plan to provide automatic equity awards for new directors joining the Board. This adjustment ensures that new leadership is financially aligned with the company’s Bitcoin strategy, enhancing long-term growth and shareholder value for MicroStrategy shareholders.

The shareholder meeting will be a pivotal moment for MicroStrategy shareholders as the company works to accelerate its 21/21 Plan, refine its capital-raising strategy, and incentivize its leadership team to drive its future success in the digital asset space. Shareholders will have the chance to shape the company’s trajectory, ensuring it remains at the forefront of the cryptocurrency revolution.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.