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Bloomberg: MicroStrategy may own as much common stock as Amazon and Alphabet

2025-01-17 22:58:30 10 hours ago CoinRank

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CoinRank News: MicroStrategy Inc. could soon have nearly as many common shares outstanding as market giants Amazon.com Inc. and Alphabet Inc. to fund its massive bitcoin purchases. Analysts expect MicroStrategy to easily pass a company-sponsored proposal to increase the number of authorized Class A common shares from 330 million to 10.3 billion when shareholders vote on Jan. 21. Saylor controls about 47% of the voting power. That would give MicroStrategy potentially more shares outstanding than every company in the Nasdaq 100 Index except Nvidia, Apple Inc., Alphabet and Amazon. (Bloomberg)

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