Bitcoin Holder MicroStrategy Joins Stock Split Bandwagon
MicroStrategy(MSTR) Investopedia·2024-07-12 00:32
KEY TAKEAWAYSMicroStrategy, one of the world's largest holders of bitcoin, said Thursday it is planning a 10-for-1 stock split.Shares will be split for both MicroStrategy's class A and class B shares for holders of record as of Aug. 1, with investors set to receive nine additional shares after markets close on Aug. 7 for each share they owned previously. By lowing the price of MicroStrategy shares, the move could help make the stock more accessible to investors and stimulate demand. MicroStrategy's split co ...