Microstrategy Inc. (Nasdaq: MSTR) announced a 10-for-1 stock split of its Class A and Class B common stock on Thursday, aiming to make its stock more accessible to investors and employees. This stock split will be executed via a stock dividend for shareholders of record as of Aug. 1. Each holder of Class A and Class B common stock will receive nine additional shares for each share they own, with distribution expected after trading closes on August 7, 2024. Trading on a split-adjusted basis will commence on Aug. 8.
Microstrategy Announces 10-for-1 Stock Split to Make MSTR More Accessible to Investors
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The publicly traded company focuses on bitcoin network development, using cashflows and financing proceeds to accumulate bitcoin as its primary treasury reserve asset. Additionally, Microstrategy provides AI-powered enterprise analytics software and develops bitcoin applications. The company stated that this combination of operating structure, bitcoin strategy, and technology innovation presents a unique value creation opportunity. The company disclosed in June that its bitcoin holdings had grown to 226,331 BTC.
