MicroStrategy has decided to increase its authorized share capital to support the purchase of Bitcoin

BlockBeats News, January 21st, MicroStrategy's shareholders on Monday approved two amendments, allowing the company to increase the authorized shares to support its plan to purchase more Bitcoin.

In October last year, the company announced plans to offer $21 billion in equity and $21 billion in fixed-income securities to support this Bitcoin treasury reserve strategy - a move known as the "21/21 Plan." As of January 20th, the company stated that about $5.42 billion in stock remains available for sale as part of its plan, with the goal of raising a total of $42 billion for Bitcoin acquisitions.

On Tuesday, shareholders voted to increase the authorized number of Class A common stock and preferred stock. Earlier that day, MicroStrategy announced that it had purchased an additional 11,000 bitcoins for approximately $1.1 billion, with an average price of $101,191 per bitcoin. This business intelligence company currently holds 461,000 bitcoins valued at over $48 billion.