Crypto Friends, good news comes from MicroStrategy, the Bitcoin development company. Their shares rose 3% after executive chairman, Michael Saylor, announced he would conduct a 10-for-1 stock split. ๐ŸŽ‰

The split will make MicroStrategy shares more affordable for small investors. For every share they own as of August 1, 2024, they will get nine more shares after the close of trading on August 7.

A stock split is when a company divides its stock supply into smaller, easier-to-purchase subunits. This does not affect the proportion of each investor's shares in MicroStrategy, although their value will fall drastically.

Last May, Stokr announced it had tokenized MSTR shares as CMSTR on the Liquid Bitcoin side of the chain, allowing investors to trade as little as 0.01 MSTR.

MicroStrategy is the world's largest holder of Bitcoin assets, with 226,331 BTC worth $13.04 billion on their balance sheet.

What do you think about this strategy? Will this be a new trend in the market? Come on, discuss it in the comments column! ๐Ÿ˜„