MicroStrategy to hold special shareholder meeting to vote on key proposals including accelerating 21/21 plan

MicroStrategy announced that it will hold a special shareholders meeting to vote on key proposals aimed at accelerating the 21/21 plan, streamlining the financing process, and aligning director compensation with the company's Bitcoin-centric strategy. The main proposals include: 1. Increasing the authorized Class A shares from 330 million to 10.33 billion shares to support future financing; 2. Increasing the authorized preferred shares from 5 million to 1.005 billion shares to expand financing options; 3. Modifying the 2023 equity incentive plan to provide automatic equity rewards to new directors joining the board of directors. (Bitcoin News) According to previous news, MicroStrategy proposed the "21/21 Plan", which plans to conduct $21 billion in equity financing and $21 billion in bond issuance in the next three years, using additional capital to purchase more BTC as a financial reserve asset in order to achieve higher BTC returns.