TechFlow news, January 21 — According to The Block, MicroStrategy shareholders approved two amendments to increase the authorized number of Class A common shares and preferred shares, supporting the company's plan to purchase more bitcoin.
Previously, the company announced its "$21/21 Plan," aiming to raise $21 billion through stock issuance and another $21 billion via fixed-income securities. As of January 20, approximately $5.42 billion worth of shares remained available for sale. Notably, on the same day, MicroStrategy announced it had acquired 11,000 bitcoins at an average price of $101,191 per BTC, totaling about $1.1 billion. The company now holds 461,000 bitcoins, valued at over $48 billion.
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