MicroStrategy to hold special shareholder meeting to vote on key proposals including accelerating 21/21 plan

MicroStrategy announced that it will hold a special shareholders meeting to vote on key proposals aimed at accelerating the 21/21 plan, streamlining financing processes, and aligning director compensation with the company’s Bitcoin-centric strategy. The main proposals include increasing authorized Class A shares from 330 million to 10.33 billion to support future financing, increasing authorized preferred shares from 5 million to 1.005 billion to expand financing options, and modifying the 2023 equity incentive plan to provide automatic equity awards for new directors joining the board.