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MicroStrategy to Change '21/21 Plan' for Bitcoin Purchases

MicroStrategy to Change '21/21 Plan' for Bitcoin Purchases

HappyCoinNewsHappyCoinNews2024/12/25 13:55
By:HappyCoinNews

At the American company MicroStrategy hold special meeting of shareholders to accelerate the implementation of the "21/21 Plan", which provides for the purchase of bitcoin for a total of $42 billion. As stated in the statement, at the meeting, shareholders will consider the possibility of issuing a new package of shares to raise additional funds for the purchase of bitcoins.

Let us recall that the so-called "21/21 Plan" was presented by the company in October of this year. According to it, it is planned to attract at least $42 billion over the next three years, and these funds will be spent on the acquisition of the first cryptocurrency.

The exact date of the shareholders' meeting is still unknown, but there is information that several items will be put to a vote by shareholders, including an increase in the number of Class A common shares from 330 million to 10,33 billion, an increase in the number of preferred shares from 5 million to 1,005 billion, and changes to the shareholder incentive plan.

All of the above initiatives are aimed at ensuring financial benefits from investing in cryptocurrency and accelerating the implementation of the “21/21 Plan,” the company noted.

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