🚀📉 MicroStrategy (MSTR) Stock Crashes 90%! See What's Shaking Up the Market!
This Thursday, MicroStrategy shares plunged to just $131, marking a staggering 89.4% drop from their previous closing price. But be warned, this isn’t a financial crisis at stake! Rather, it’s a spectacular “stock split” that has taken place and is redefining the financial landscape.
Stock Splitting: A Stroke of Genius or a Bankruptcy in the Making?
A stock split is when a company increases the number of shares outstanding by issuing new shares to existing shareholders. MicroStrategy recently announced a 10-for-1 stock split, meaning that for every share held on August 1, investors now receive nine new shares. This strategic move lowered the price per share, but each investor’s overall stake in the company remains unchanged.
Bitcoin expert Rebecca Goodwill explains it best: “This split makes the stock more accessible to new investors. While it won’t make you rich instantly, it’s a clear sign that the company is ready for its next big growth phase.”
Bitcoin and MicroStrategy: An Unstoppable Duo!
Before the split, MSTR shares were trading at $1,246, with an all-time high of $1,919 earlier this year, driven by the rise of U.S. Bitcoin ETFs. With $226,500 $BTC on its balance sheet, MicroStrategy now holds $13.12 billion in Bitcoin, compared to a market cap of $25.4 billion. It’s a real cash machine!
It is worth noting that other companies like Semler Scientific and MetaPlanet are following in MicroStrategy’s footsteps, with MetaPlanet recently opting for a reverse stock split, increasing its stock price by a factor of 10. Who will be next to ride this wave?
Don’t miss the rest of this financial revolution! 🔥
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