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On Friday, MicroStrategy put forward significant changes to its corporate constitution, aiming to raise the authorized common shares to 10.33 billion and preferred shares to over 1 billion, as revealed in a recent SEC filing.
This marks a substantial increase from the current 330 million common shares and 5 million preferred shares.
Expansion of MicroStrategy’s Share Structure
The proposal is set to be presented to shareholders for a vote at the upcoming annual general meeting.
If approved, the company will have the ability to issue additional shares without needing further shareholder consent.
This amendment would provide the company with the agility for future share issuances without immediate plans for new shares.
The enlarged share structure could be utilized for various purposes, including raising capital, facilitating mergers, or enabling acquisitions.
Despite this flexibility, the SEC filing stressed that the company has not revealed any specific intentions for issuing shares at this time.
By suggesting these modifications, MicroStrategy aims to enhance its financial flexibility and prepare for upcoming opportunities.
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While the share expansion highlights MicroStrategy’s growth strategy, its collaboration with STACKIT indicates a broader initiative towards regional compliance and innovation.
Collaboration with STACKIT to Enhance Data Sovereignty in Europe
MicroStrategy has announced a collaboration with STACKIT, the cloud services division of the Schwarz Group, to introduce the MicroStrategy Sovereign European Cloud.
@MicroStrategy, the largest corporate Bitcoin holder, has teamed up with STACKIT to launch a secure cloud service for European enterprises. #MicroStrategy #AI #CloudServices https://t.co/Seu8UaA0bd
— Cryptonews.com (@cryptonews) January 8, 2025
The platform aims to cater to highly regulated European businesses by providing secure, compliant access to MicroStrategy’s AI and business intelligence solutions.
The new cloud offering ensures strict compliance with EU data sovereignty regulations, with customer data stored within Germany and Austria.
The platform incorporates MicroStrategy ONE’s AI features, enabling businesses to develop AI-driven applications and access analytics through natural language queries.
MicroStrategy’s CEO, Phong Le, highlighted the platform’s focus on delivering value to clients while adhering to European regulations.
“MicroStrategy ONE on STACKIT ensures data sovereignty by providing a secure framework for customer data, allowing our joint European clients to future-proof their investment in MicroStrategy,” stated STACKIT CEO Bernie Wagner.
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