Shares of Bitcoin development firm MicroStrategy rose 3% on Thursday after the company's executive chairman, Michael Saylor, announced an upcoming 1-for-10 stock split. This move will make the shares much more affordable for smaller investors to provide minimal exposure to MSTR. This action will be applied to MicroStrategy's class A and B common shareholders, they will receive 9 additional shares for each share. While a stock split does not affect each investor's stake in MicroStrategy, it does severely reduce the value of a single share. Therefore, when the stock split begins on August 8, the value of MSTR shares will likely drop to a small fraction of its current price. 📉📈