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

Accurate strategyThe largest Bitcoin holder (Bitcoin) As of now, you are planning to hold a shareholders meeting. According to the primer He notices submitted to secondMicroStrategy plans to hold the meeting sometime in early 2025, although the exact date and time have not yet been determined.

The meeting will be held on a live webcast which can only be accessed by MicroStrategy shareholders via the website URL.

The purpose of the shareholders' meeting is to vote on several items, two of which will determine the number of authorized shares issued from the company's capital in order to reach the company's three-year target. MicroStrategy, known as the 21/21 Plan, aims to raise $21 billion in equity capital and $21 billion in fixed income instruments, equating to $42 billion in equity capital.

“The proposals we are asking you to consider reflect a new chapter in our development as a bitcoin treasury company and our ambitious goals for the future,” he said. Michael SaylorHead of MicroStrategy.

First, shareholders are expected to vote "yes" or "no" on whether to increase the number of authorized shares of Class A common stock from 330 million shares to 10.33 billion shares. Each share unit is worth $0.001. Next, shareholders will vote on whether to approve increasing the number of authorized shares of preferred stock from 5 million shares to more than 1 billion shares.

Not only that, MicroStrategy shareholders will also vote on whether to provide automatic stock awards to new members of the company's board of directors upon their appointment.

Finally, shareholders will approve or reject proposals to postpone the special meeting if necessary to obtain additional proxies if the number of votes fails to reach the necessary minimum.

Formerly, MicroStrategy He added 5,262 Bitcoin for company reserves. The latest purchase brings the Virginia-based software company's total BTC holdings to 444,262 BTC.