MicroStrategy NASDAQ: MSTR is a leader in business intelligence and analytics, but the company has carved a unique niche for itself through its aggressive embrace of Bitcoin (BTC). On July 11, 2024, MicroStrategy announced a 10-for-1 stock split, which has sparked significant interest among investors and MicroStrategy analysts.
MicroStrategy Inc (NASDAQ: MSTR) is keeping in focus after its board authorised a 10-for-1 stock split on Thursday. MSTR will begin trading on a post-split basis on August 8th.
MicroStrategy (MSTR), one of the world's largest holders of bitcoin (BTC), said Thursday it is planning a 10-for-1 stock split, making it the latest company to announce a split.
This season can truly be classified as stock-split summer. Just after Nvidia (NASDAQ: NVDA ) successfully enacted a 10-for-1 stock split, Broadcom (NASDAQ: AVGO ) announced plans to do the same.
MicroStrategy Inc (NASDAQ:MSTR) stock is surging today, after the Bitcoin buyer announced a 10-for-1 stock split , making the shares more accessible to investors and employees.
The software company and major holder of bitcoin BTCUSD, +0.73% announced Thursday morning that it plans to conduct a 10-for-1 split of its stock in early August. MicroStrategy shares MSTR, +5.34% closed Wednesday at $1,305.72.
The software company says its board of directors have declared a 10-for-1 stock split to make shares more accessible to investors and employees.
MicroStrategy, the largest corporate holder of bitcoin, announced a 10-for-one stock split on Thursday.
MicroStrategy said on Thursday its board of directors has decided in favor of a 10-for-1 stock split of its class A and class B common stock, sending shares of the software company that invests in bitcoin up 4% before the bell.
MicroStrategy is an enterprise software company that uses Bitcoin as its primary treasury asset. This corporate strategy helped the stock gain popularity as an alternative to buying Bitcoin through an exchange.
MicroStrategy amassed more than $7.5 billion in Bitcoin over the past four years. It diluted its shares and took on a lot of debt to fund those purchases.
MicroStrategy Inc.'s stock has been one of the best-performing equities in the U.S. since it adopted bitcoin as its primary treasury-reserve asset four years ago, according to bitcoin financial-services firm NYDIG.