MicroStrategy Announces It Will Split Company Stocks

MicroStrategy, the largest corporate holder of Bitcoin, on Thursday announced that they will be implementing a 10-for-1 stock split, which will take effect on Aug. 1.

The distribution of the shares will occur after the market closes on Aug. 7. In a press release, MicroStrategy stated that the split will make the company’s shares more accessible to investors and employees.

The split comes after a significant increase in the company’s share price, which more than tripled in the past year and reached an all-time high of over $1,900 in March as the price of BTC rose above $70,000. The company’s shares saw a 6.8% increase to $1,300 following the announcement.

MicroStrategy is led by executive chairman and well-known advocate for Bitcoin, Michael Saylor. The company is often seen as a leveraged investment option for the volatility of Bitcoin’s price.