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'Bitcoin Development Company' MicroStrategy Announces 10-For-1 Stock Split
MicroStrategy (NASDAQ:MSTR) has announced a 10-for-1 stock split, signaling a potential shift in its market strategy and accessibility to investors.
What Happened: In a press release, the Virginia-based company announced that the stock split will take effect on Aug. 1, with trading on a split-adjusted basis expected to commence on Aug. 8.
The move aims to make MicroStrategy’s shares more accessible to both investors and employees and could broaden its shareholder base.
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“As a result of the dividend, each holder of a share of MicroStrategy’s class A common stock will receive nine (9) additional shares of class A ...