đMicroStrategy's stock is about to become more affordable! The Bitcoin development firm announced a 10-for-1 stock split, sending its shares up by 3%.
đčThe split will apply to all Class A and Class B common stock holders. For each share held as of August 1, 2024, investors will receive nine extra shares after trading closes on August 7.
đčThis move aims to make MicroStrategy's stock more accessible to investors and employees. The value of individual MSTR shares is likely to drop to a small fraction of its current price once the split takes effect.
đčAs of Wednesday, MSTR traded for $1,356, with the company's market cap at $24 billion. The stock is up 97% since the start of the year, significantly outpacing the 30% rise in BTC.
What are your thoughts on this move? Will you be investing in MSTR? Let's chat below! đ #MicroStrategy #StockSplit #CryptoNews