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 MicroStrategy plans to significantly increase the number of authorized common shares from the current 330 million shares to 10.3 billion shares, an increase of up to 3,000%, Barron’s reported citing documents submitted by MicroStrategy. The proposal will be voted on at an extraordinary general meeting. If calculated based on the current stock price and Bitcoin price, this authorized amount is enough to support MicroStrategy's acquisition of all Bitcoins in the world (approximately 20 million). In addition, MicroStrategy has recently raised funds to purchase Bitcoin through the issuance of stocks and convertible bonds, and currently holds more than 2% of the world's total Bitcoin.