🚀 MicroStrategy's board of directors has approved a 10-for-1 stock split for Class A and Class B common stock. This will make the stock more accessible to investors and employees. Following the announcement, shares of the company (MSTR), known for its significant investments in Bitcoin (BTC), rose 7.5%.
💡 MicroStrategy's strategy of buying Bitcoin as a hedge against reserve asset depreciation was well received by investors, contributing to the stock's attractiveness and credibility in the crypto community.
📈 Since it began acquiring Bitcoin in 2020, the company has become the largest corporate holder of Bitcoin. This strategic shift correlated with a significant increase in the company's share price, which increased by 107% in 2024, compared to Bitcoin's estimated 40% increase over the same period.
👇 Let's discuss in the comments how this will affect the cryptocurrency industry!