MicroStrategy, the software company that has made headlines for its substantial investments in bitcoin, has announced a 10-for-1 stock split.
This move is aimed at making the company’s shares more accessible to a wider range of investors and employees.
The stock split will be executed as a stock dividend, where each existing shareholder will receive 9 additional shares for every 1 share they currently own.
The 10-for-1 stock split is expected to commence on August 8, 2024, with trading on the split-adjusted shares.
This move is designed to broaden the ownership of MicroStrategy’s shares and make them more affordable for investors.
COMMENTARIES.
@BrotherSatoShic: Michael Saylor is printing money faster than the Federal Reserve!
@Bradwick11: “Stock splits do not change intrinsic value”.
LiveLucky5555: “It makes gambling on options about 10x cheaper”.
@Ramon_pablo23: “More money for Bitcoin!”.
@MetastrikeQH: “MicroStrategy making investing easier with a 10-for-1 stock split! 🚀”.
@minnie_11q: “Stock splits are often done to make shares more affordable for smaller investors and increase liquidity in the market. While a stock split does not change the overall value of an investor’s holdings, it can potentially attract more investors and increase trading activity”.