The post MicroStrategy Announces 10-for-1 Stock Split to Bolster its Bitcoin Plan appeared first on Coinpedia Fintech News
MicroStrategy Inc. (NASDAQ: MSTR), an American tech firm that provides enterprise analytics and mobility software, has announced a 10-for-1 stock split for its Class A and B common stock. This stock split will democratize the accessibility of MSTR stocks to both investors and employees.
As a result, the company will easily access the desired liquidity to purchase more Bitcoins in the coming years. The trading of the MSTR stock split will commence on August 8, 2024, and will not impact the stakeholders voting rights.
“As a result of the dividend, each holder of a share of MicroStrategy’s class A common stock will receive nine (9) additional shares of class A common stock and each holder of a share of MicroStrategy’s class B common stock will receive nine (9) additional shares of class B common stock,” the company announced.
Impact of the MicroStrategy Stock Split to Crypto Industry
The trading of MicroStrategy’s stock can now easily be tokenized on different blockchains as the company doubles down on its Bitcoin plan. The company’s founder and chairman, Michael Saylor, has emphasized on the importance of having Bitcoin in the investment portfolio, especially as a long term insurance plan.
As Coinpedia reported, MicroStrategy currently holds more than 226k Bitcoins, acquired through stock sales and revenue collection.
The company has influenced other publicly traded companies – led by Metaplanet and Tesla – in adopting the Bitcoin plan. Ultimately, more institutional investors will adopt Bitcoin through the spot BTC ETFs, which offers more liquidity and security,
