MicroStrategy (MSTR) is seeking shareholder approval to increase the number of authorized shares, specifically:
Class A shares from 330M to 10.33B
Preferred stock from 5M to 10.005B shares
This increase will allow the company to potentially expand its capital and invest more in Bitcoin, but does not directly approve a new ATM or expansion of the current plan.
The measure is likely to pass, given that Michael Saylor holds approximately 46.6% of the voting power.
The proposed increase in authorized shares to 10B can enable a potential future stock splits. A stock split would not change the total number of authorized shares, but would increase the number of outstanding shares. For example, if there are 400M outstanding Class A shares and a 10-for-1 stock split occurs, the number of outstanding shares would increase to 4B.
TLDR:
MicroStrategy (MSTR) is seeking shareholder approval to increase the number of authorized shares, specifically:
This increase will allow the company to potentially expand its capital and invest more in Bitcoin, but does not directly approve a new ATM or expansion of the current plan.
The measure is likely to pass, given that Michael Saylor holds approximately 46.6% of the voting power.
The proposed increase in authorized shares to 10B can enable a potential future stock splits. A stock split would not change the total number of authorized shares, but would increase the number of outstanding shares. For example, if there are 400M outstanding Class A shares and a 10-for-1 stock split occurs, the number of outstanding shares would increase to 4B.