MicroStrategy, a Bitcoin software developer and enterprise analytics software provider, announced Thursday that it will conduct a 10-for-1 stock split of its class A and class B common stock.

The move is designed to make the ballooning stock “more accessible to investors and employees,” the firm said in a press release. MicroStrategy’s stock (MSTR) has more than tripled in price over the last year, and currently sits at a price of $1,406—up nearly 8% today amid the news.

Shareholders of record as of August 1 will receive nine additional shares for each share they currently hold, the company announced. The distribution is expected to occur after market close on August 7, with split-adjusted trading commencing on August 8.

"The stock dividend will not have any impact on the voting and other rights of stockholders," the company stated in its announcement.

MicroStrategy founder Michael Saylor with Bitcoin laser eyes. Image: Michael Saylor/Twitter

Bitcoin Proxy MicroStrategy May Soon Have Price Swings Magnified by Spicy ETFs

Investors seeking leveraged exposure to Bitcoin’s price may be in store for some spicy TradFi products, following the T-Rex Group’s filing for several MicroStrategy ETFs on Thursday. The issuer of leveraged funds for tech giants like Tesla and Nvidia signaled that the Bitcoin-hungry software firm is next up on its plate. T-Rex submitted applications for two ETFs—one that would deliver 2x long performance on MicroStrategy’s stock—alongside a correlating inverse option, according to filings with t...

NewsBusiness
3 min read
André Beganski

MicroStrategy is the single largest corporate holder of Bitcoin, with 226,331 BTC held in its corporate treasury. That’s more than $13.2 billion worth at the current price of about $58,590, as of this writing. Michael Saylor, the firm’s co-founder and executive chairman, is an outspoken Bitcoin bull.

Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Andrew Hayward.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.