🎉 Big news for Bitcoin enthusiasts! MicroStrategy, a major Bitcoin development firm, saw its shares leap by 3% on Thursday. The reason? Executive Chairman Michael Saylor announced a 10-for-1 stock split. 🚀

This move will make it much easier for smaller investors to get a piece of the MSTR pie, which has been soaring alongside Bitcoin. 📈

The stock split applies to all holders of MicroStrategy’s Class A and Class B common stock. For every share they hold as of August 1, 2024, they’ll receive another nine shares after trading closes on August 7. 🎁

This doesn't change each investor's share in MicroStrategy overall, but it does dilute the value of one individual share. So, when the stock split takes effect on August 8, expect the value of MSTR shares to drop to a fraction of its current price. 💸

MicroStrategy is no stranger to Bitcoin. It's the world's largest operating holder of the asset, with 226,331 BTC worth $13.04 billion on its balance sheet. The firm has been raising funds to buy more BTC throughout the year. 🏦

So, if you're a BTC lover, keep your eyes on MicroStrategy. It's making moves that could shake up the market! 🌐👀