MicroStrategy's board of directors has approved a 10-for-1 stock split for its Class A and Class B common stock. This will make the shares 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%.

Traditionally, a 10-for-1 stock split means that for each share the investor would receive ten shares, each worth one-tenth of the price of the original share.

MicroStrategy, the largest corporate holder of Bitcoin, continues to buy BTC as protection against the depreciation of its reserve assets. This contributed to the attractiveness and credibility of the company's shares in the crypto community.

At the time of writing, MSTR is up 7.3% at $1,401.06 per share.