Versioning update to Document Libraries in team sites in SharePoint Online and OneDrive for Business

It may be helpful to also reference the recently announced Storage increases to license bundles. 

https://techcommunity.microsoft.com/t5/SharePoint-Blog/Increase-in-SharePoint-Online-storage-allocation/ba-p/187617

Today we are announcing a 20x increase in the SharePoint Online per user license storage allocation. This will increase to 1 TB plus 10 GB per user license purchased, up from 1 TB plus .5 GB per user license purchased. Note this does not include SharePoint Online kiosk plans including Office 365 F1 and Microsoft 365 F1