MicroStrategy shareholders to decide on major stock increase to advance Bitcoin strategy tomorrow

Key Takeaways MicroStrategy plans to increase authorized shares to support its Bitcoin purchasing strategy. The company’s Bitcoin holdings surge to 450,000 BTC, now valued at $48.5 billion. Share this article MicroStrategy shareholders are set to vote on several key proposals during a special meeting scheduled for 10 a.m. New York time on Tuesday, according to a recent report from Bloomberg. The key focus of the vote will be to approve an increase in authorized Class A common stock from 330 million shares to 10.3 billion shares. Shareholders will also consider…