TechFlow news, on December 31, according to TheBlock, MicroStrategy's stock price fell to $293.50 in after-hours trading on Monday, down 46% from its all-time high in November. For most of this year, MicroStrategy’s share price had surged significantly, rising 342% year-to-date.
Nick Ruck, Research Director at LVRG, noted that given MSTR's use of increased debt and equity issuance to purchase Bitcoin, investors may have started viewing MSTR as too risky.
On December 24, MicroStrategy submitted a shareholder voting proposal for a special meeting, planning a significant expansion of its authorized capital. According to the proposal, the number of authorized Class A common shares would split and increase from 330 million to 10.33 billion shares, with a par value of $0.001 per share; meanwhile, the authorized preferred shares would increase from 5 million to 1.005 billion shares, supporting its $42 billion financing strategy.
