MicroStrategy, the prominent enterprise analytics software provider and Bitcoin enthusiast Michael Saylor’s brainchild, has declared a 10-for-1 stock split for its class A and class B common stock. This decision comes on the heels of MSTR’s significant price surge, more than tripling over the past year to reach $1,406 per share—an increase of nearly 8% following the announcement.
According to a company press release, the stock split is intended to improve accessibility for investors and employees. Shareholders as of August 1 will receive nine additional shares for each share owned, distributed after market close on August 7, and split-adjusted trading will begin on August 8.
MicroStrategy clarified that the stock dividend will not affect the voting or other rights of stockholders. The firm, known for its bullish stance on Bitcoin, currently holds 226,331 BTC in its corporate treasury, valued at over $13.2 billion based on the current Bitcoin price of approximately $58,590.
Michael Saylor, MicroStrategy’s co-founder and executive chairman, remains vocal about Bitcoin’s potential, underscoring the company’s strategic integration of digital assets into its treasury management.
