MicroStrategy shares closed down Wednesday, due to a decline in Bitcoin's price, which dropped 1.73% to $104,313.65.
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MicroStrategy shareholders approved an increase in Class A common shares. Authorized preferred stock shares will also rise.
MicroStrategy Inc. (NASDAQ:MSTR) shareholders on Tuesday approved a proposal to increase the company’s authorized Class A shares by 30 times to support future Bitcoin (CRYPTO: BTC) acquisitions.