MicroStrategy Initiates Stock Split Aimed at Broadening Investor Accessibility
MicroStrategy Inc. (Nasdaq: MSTR) has announced a 10-for-1 stock split of its Class A and Class B common stock, set to increase accessibility for investors and employees.
Scheduled as a stock dividend for shareholders as of Aug. 1, the split will provide nine additional shares for each existing share, with distribution expected after market close on August 7, 2024. Trading on a split-adjusted basis will commence on August 8.
MicroStrategy, known for its focus on bitcoin network development and treasury reserve management, has disclosed holdings of 226,331 BTC as of June. The company also operates in AI-powered enterprise analytics software and bitcoin application development, aiming to leverage its unique blend of operations for value creation.
Clever Robot News Desk 14th July 2024
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