Market news: MicroStrategy proposes to split and increase 330 million shares of common stock to 10.3 billion shares

ChainCatcher news, according to market news, MicroStrategy has submitted a special meeting voting proposal to shareholders, planning to significantly expand its capital stock. According to the proposal, the authorized number of Class A common stock will be split and increased from 330 million shares to 10.33 billion shares, with a par value of $0.001 per share; at the same time, the authorized number of preferred shares will increase from 5 million shares to 1.005 billion shares.

In addition, the proposal also includes amendments to the 2023 equity incentive plan, providing automatic equity awards for newly appointed directors, and authorizing the suspension of the special meeting to solicit additional votes if necessary. The proposal is signed by the company's Executive Vice President, General Counsel, and Secretary W. Ming Shao, and will be voted on in 2025 in Tysons Corner, Virginia.

Currently, MicroStrategy's stock price is approximately $346. If this expansion plan is approved, it will significantly enhance stock liquidity, which is beneficial for attracting more retail investors to participate.