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Microstrategy to issue additional shares to fund Bitcoin purchase

Microstrategy intends to expand its authorized class A common stock from 330 million to 10.30 billion shares to facilitate extensive Bitcoin acquisitions.

The company aims to raise 42 billion USD within three years for Bitcoin purchases through share issuance and debt sales.

Despite concerns about share dilution, Microstrategy’s shares have remarkably surged over 2,500% since the launch of its Bitcoin strategy.

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