MicroStrategy to hold 2025 shareholders meeting to vote on boosting capital stock to 10.33b shares

MicroStrategy files a preliminary notice with the SEC to hold a shareholder vote on several issues, including whether to increase authorized shares of common stock and preferred stock from millions to billions.

MicroStrategythe largest company holding Bitcoin (BTC) to date, plans to hold a shareholders’ meeting. According to the preliminary notice filed with the SECONDMicroStrategy plans to hold the meeting in early 2025, although the exact date and time have not yet been determined.

The meeting will be held via a live webcast accessible only to MicroStrategy shareholders via a website URL.

The purpose of the shareholders’ meeting is to vote on several issues, two of which will determine the number of authorized shares issued from the company’s share capital in order to achieve the company’s three-year objective. Known as the 21/21 plan, MicroStrategy aims to raise $21 billion in equity and $21 billion in fixed income instruments, which would equate to $42 billion in capital.

“The proposals we are asking you to consider reflect a new chapter in our evolution as a Bitcoin treasury company and our ambitious goals for the future,” said Michael Saylorthe president of MicroStrategy.

First, shareholders would have to vote “yes” or “no” on whether to increase the number of authorized Class A shares from 330 million shares to 10.33 billion shares. Each unit of stock is valued at $0.001. Next, shareholders will vote on whether to approve increasing the number of authorized preferred shares from 5 million shares to more than 1 billion shares.

Additionally, MicroStrategy shareholders will also vote on whether to automatically grant stock awards to new members of the company’s board of directors upon their appointment.

Finally, shareholders will approve or reject proposals to adjourn the Special Meeting as necessary to solicit additional proxies if the number of votes does not reach the necessary threshold.

Previously, MicroStrategy added 5,262 Bitcoins in his company’s reserves. The recent purchase brings the Virginia-based software company’s total BTC holdings to 444,262 BTC.