MicroStrategy Wins Big as Shareholders Endorse 10.3 Billion Share Authorization for Bitcoin Strategy
MicroStrategy shareholders gave the green light for a massive increase in authorized shares, confirming their support for the companyโs ambitious strategy to raise 46 billion dollars for Bitcoin acquisitions. The ambitious plan amplifies MicroStrategy’s existing portfolio of approximately 461,000 Bitcoin, which is worth over 49 billion dollars at current prices. This overwhelming approval from shareholders underscores widespread confidence in Bitcoin’s future. With this new authorization, MicroStrategy is poised to strengthen its position as a leading corporate holder of Bitcoin and further cement its place in the cryptocurrency space.