MicroStrategy Inc. shareholders have approved a significant increase in the number of authorized Class A common shares, raising it from 330 million to 10.3 billion. This move is intended to finance the company's ongoing Bitcoin acquisition strategy. The decision was made during a shareholder meeting, with the aim of expanding the firm's Bitcoin holdings under the leadership of Chairman and co-founder Michael Saylor.

MicroStrategy Inc. shareholders voted for a 30 times increase to the number of authorized Class A common shares to help finance the company’s Bitcoin buying.The enterprise software company turned leveraged Bitcoin proxy will increase its authorized Class A shares from 330 million to 10.3 billion as Chairman and co-founder Michael Saylor aims to increase the firm’s Bitcoin holdings. The vote was approved Tuesday, according to a recording of the shareholder meeting. 

MicroStrategy Shareholders Approve Increase in Shares to Fund Bitcoin Purchases