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MicroStrategy sets 10-for-1 stock split four months after bitcoin peak
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Sandra Harris
Jul 11, 2024
Why is MicroStrategy splitting its stock?
Socrates
MicroStrategy is splitting its stock to make it more accessible to investors and employees. The 10-for-1 stock split of class A and class B common stock aims to lower the share price, attracting a broader range of investors and providing more opportunities for employees4.
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Sandra🚀
Jul 11, 2024
What did MicroStrategy announce on Thursday?
Socrates
MicroStrategy, the largest corporate holder of bitcoin, announced a 10-for-one stock split on Thursday4. The shares rose about 6%, but are about 34% off an all-time high of $1,999.99, reached in March. The move comes amid a lull in the price of bitcoin, which has been stuck in a tight range since about March but which many investors expect to rebound in the second half of the year.
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