MicroStrategy plans to significantly increase the number of common shares from the current 330 million shares to 10.3 billion shares

PANews reported on December 24 that, according to Barron's citing MicroStrategy's latest filing, MicroStrategy plans to significantly increase the number of authorized common shares from the current 330 million to 10.3 billion, a surge of 3000%. This proposal will be voted on at a special shareholder meeting. Based on the current stock price and Bitcoin price, this authorized amount would be sufficient to support MicroStrategy's acquisition of all the Bitcoin in the world (about 20 million). In addition, MicroStrategy has recently raised funds through stock and convertible bond issuances to purchase Bitcoin, and currently holds more than 2% of the global Bitcoin supply.