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MicroStrategy shareholders approve the issuance of additional shares to continue advancing the BTC purchase plan.
On January 21st, according to Theblock, MicroStrategy shareholders approved two amendments, agreeing to increase the authorized quantity of Class A common stock and preferred stock to support the company's plan to purchase more BTC.
Earlier, the company announced the '21/21 Plan' with a total value of $42 billion, planning to issue $21 billion in stocks and $21 billion in fixed-income securities. As of January 20th, the company still has approximately $5.42 billion worth of stocks available for sale. It is worth noting that MicroStrategy also announced on the same day that it purchased 11,000 BTC at an average price of $101,191, with a total value of approximately $1.1 billion, currently holding 461,000 BTC, worth over $48 billion.