TYSONS CORNER, VA—MicroStrategy Incorporated (NASDAQ:MSTR), a provider of enterprise analytics and mobility software with a market capitalization of $94 billion, announced significant corporate developments following a Special Meeting of Stockholders held on Monday. The company's stock has delivered remarkable returns, surging over 738% in the past year.
Stockholders approved an amendment to MicroStrategy's Second Restated Certificate of Incorporation to raise the number of authorized Class A common stock from 330 million to over 10 billion shares and preferred stock from 5 million to over 1 billion shares. This change took effect on Wednesday, January 22, 2025, upon filing with the Secretary of State of Delaware.
In addition, the approved 2024 Plan Amendment to the original 2023 Equity Incentive Plan will automatically grant new non-employee directors equity awards valued at $2 million, split evenly between non-statutory stock options and restricted stock units. These awards will vest annually over four years, starting from their initial appointment to the Board. This amendment was previously adopted by the Board on December 20, 2024, and was subject to stockholder approval.
During the Special Meeting, stockholders also voted on proposals related to the increase of authorized shares and the equity incentive plan. The final voting results showed strong support for all proposals, with votes for the common stock amendment proposal totaling over 234 million, preferred stock amendment proposal over 234 million, and the 2024 Plan Amendment proposal over 239 million.
A fourth proposal regarding adjournment was approved but deemed unnecessary as sufficient votes were already present to pass the prior proposals.
In other recent news, MicroStrategy has been making significant moves in the cryptocurrency market. The business intelligence firm has added approximately $1.1 billion worth of Bitcoin to its holdings, funded by the proceeds from the sale of over 3 million shares. This recent acquisition underlines the company's continued investment in the digital currency, bringing their total holdings to around 461,000 Bitcoin.
In addition to their cryptocurrency investments, MicroStrategy also recently disclosed a partnership with STACKIT to launch the MicroStrategy Sovereign European Cloud, aiming to serve highly regulated businesses in Europe. The company's AI-powered solutions were recognized at the National Retail (NYSE:NNN) Federation 2025 conference, where they were awarded the Partner of the Year and the VIP Challenge for AI Innovation & Application.
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