MicroStrategy plans to issue more shares to fund its $42 billion Bitcoin acquisition strategy
MicroStrategy plans to increase its share issuance to boost its Bitcoin purchases, aiming for $42 billion in Bitcoin through equity and debt financing. MicroStrategy’s stock has jumped almost 420% in 2024, similar to how well Bitcoin is doing. A special shareholder meeting is set to approve changes to the company’s equity issuance policy for this plan. MicroStrategy plans to increase its authorized Class A common stock from 330 million to