"MicroStrategy Expected to Approve Increase in Stock Issuance Limit at Shareholder Meeting"
JH Kim
Summary
- MicroStrategy is noted for its Bitcoin holdings.
- The company is expected to approve a plan to increase the stock issuance limit from 330 million shares to 10.33 billion shares at the shareholder meeting.
- If the stock issuance limit is expanded, it will be able to issue common stock on the level of Amazon and Alphabet.
On the 17th (local time), Bloomberg reported that "MicroStrategy (NASDAQ ticker: MSTR), which holds the most Bitcoin (BTC) among single companies, is expected to approve a plan to increase the limit of common stock issuance from the current 330 million shares to 10.33 billion shares at the upcoming shareholder meeting on the 21st (local time)."
The media added, "If the plan is approved, MicroStrategy will be able to issue common stock on par with Amazon and Alphabet."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
