MicroStrategy Approves Increase in Stock Issuance Limit for Additional Bitcoin (BTC) Purchase
JH Kim
Summary
- MicroStrategy announced it will increase the stock issuance limit for additional Bitcoin (BTC) purchases.
- The plan includes Class A common stock and preferred stock.
- MicroStrategy plans to raise $21 billion in capital and debt over the next three years to purchase BTC.
According to The Block, a cryptocurrency-focused media outlet, MicroStrategy (MSTR) shareholders have approved a plan to increase the stock issuance limit for additional Bitcoin (BTC) purchases.
This includes Class A common stock and preferred stock. Previously, MicroStrategy announced the so-called '21/21 Plan' to raise an additional $21 billion in capital and debt over the next three years to purchase BTC.
This move is known to be part of the 21/21 Plan.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
