MicroStrategy shareholders vote to increase authorized share count to boost Bitcoin purchases

ChainCatcher news, according to The Block, MicroStrategy shareholders approved two amendments on Monday that allow the company to increase the number of authorized shares to help implement its plan to purchase more Bitcoin. Shareholders voted in favor of increasing the number of authorized Class A common stock and preferred stock.

In addition, according to Cointelegraph, MicroStrategy shareholders approved increasing the shares from 330 million to 10.3 billion (approval rate 55.8%).