Bloomberg: MicroStrategy may soon have a number of common shares comparable to that of Amazon and Alphabet

According to ChainCatcher news, Bloomberg reports that MicroStrategy Inc. may soon have nearly as many outstanding shares of common stock as market giants Amazon and Alphabet Inc. to fund the company's large-scale Bitcoin purchasing initiative.

Analysts expect that on January 21, during the shareholder vote, MicroStrategy will easily pass a proposal initiated by the company to increase the number of Class A common shares from 330 million to 10.3 billion. Saylor controls about 47% of the voting power. This would allow MicroStrategy's outstanding shares to potentially exceed those of all companies in the Nasdaq 100 index, except for Nvidia, Apple, Alphabet, and Amazon.