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MicroStrategy is reported to be preparing to issue more shares as part of its strategy to increase Bitcoin purchases. The company aims to acquire $42 billion worth of Bitcoin through a mix of equity and debt financing. This move comes as MicroStrategy's stock, $MSTR, has surged nearly 420% in 2024, reflecting impressive Bitcoin performance.


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The SEC filing dated December 23 outlines MicroStrategy's proposal to increase Class A common stock from 330 million to 10.33 billion shares and preferred stock from 5 million to over 1 billion shares. This significant expansion will provide flexibility for the company to issue shares for future financing needs.
#Gate.io Annual Report#
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