MicroStrategy Reveals 10-for-1 Stock Split After Amassing $13 Billion in Bitcoin - Decrypt
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MicroStrategy Reveals 10-for-1 Stock Split After Amassing $13 Billion in Bitcoin
Bitcoin bull Michael Saylor’s software firm will split its stock after MSTR more than tripled in price over the last year. MicroStrategy, a Bitcoin software developer and enterprise analytics software provider, announce
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📈 MicroStrategy, a Bitcoin software developer and analytics software provider, will conduct a 10-for-1 stock split of its class A and class B common stock.
🚀 The stock split is aimed at making the company's ballooning stock more accessible to investors and employees.
💰 MicroStrategy's stock (MSTR) has more than tripled in price over the last year and currently sits at $1,406, up nearly 8% today.
📅 Shareholders of record as of August 1 will receive nine additional shares for each share they currently hold, with split-adjusted trading commencing on August 8.
💼 MicroStrategy is the largest corporate holder of Bitcoin, with 226,331 BTC worth over $13.2 billion. Michael Saylor, the firm's co-founder and executive chairman, is a well-known Bitcoin bull.
Top Highlights
- MicroStrategy Reveals 10-for-1 Stock Split After Amassing $13 Billion in Bitcoin Bitcoin bull Michael Saylor’s software firm will split its stock after MSTR more than tripled in price over the last year.
- MicroStrategy, a Bitcoin software developer and enterprise analytics software provider, announced Thursday that it will conduct a 10-for-1 stock split of its class A and class B common stock. The move is designed to make the ballooning stock “more accessible to investors and employees,” the firm said in a press release. MicroStrategy’s stock (MSTR...
- Shareholders of record as of August 1 will receive nine additional shares for each share they currently hold, the company announced. The distribution is expected to occur after market close on August 7, with split-adjusted trading commencing on August 8. "The stock dividend will not have any impact on the voting and other rights of stockholders," ...
- MicroStrategy is the single largest corporate holder of Bitcoin, with 226,331 BTC held in its corporate treasury. That’s more than $13.2 billion worth at the current price of about $58,590, as of this writing. Michael Saylor, the firm’s co-founder and executive chairman, is an outspoken Bitcoin bull.
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