MicroStrategy to hold special shareholder meeting to vote on key proposals including acceleration of the 21/21 Plan
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MicroStrategy to hold special shareholder meeting to vote on key proposals including acceleration of the 21/21 Plan
According to Bitcoin News, MicroStrategy announced it will convene a special shareholders' meeting to vote on key proposals aimed at accelerating the 21/21 Plan, streamlining financing processes, and aligning director compensation with the company's Bitcoin-centric strategy. The main proposals include: increasing the authorized Class A common stock from 330 million shares to 10.33 billion shares to support future financings; increasing the authorized preferred stock from 5 million shares to 1.005 billion shares to expand financing options; and amending the 2023 Equity Incentive Plan to provide automatic equity grants for new directors joining the board.
Navigating Web3 tides with focused insightsTechFlow news, on December 24, according to Bitcoin News, MicroStrategy announced it will hold a special shareholders' meeting to vote on key proposals aimed at accelerating the 21/21 Plan, streamlining financing processes, and aligning director compensation with the company's Bitcoin-centric strategy. The main proposals include:
- Increasing authorized Class A common stock from 330 million shares to 10.33 billion shares to support future financings;
- Increasing authorized preferred stock from 5 million shares to 1.005 billion shares to expand financing options;
- Amending the 2023 Equity Incentive Plan to provide automatic equity grants for new directors joining the board.
Previous report, MicroStrategy announced its "21/21 Plan," intending to raise $21 billion each through equity and debt over the next three years, totaling $42 billion to purchase Bitcoin.
