MicroStrategy said the 10-for-1 stock split aims to make its shares more accessible to investors and employees.
Business intelligence firm and corporate bitcoin holder MicroStrategy announced a 10-for-1 stock split on Thursday.
“As a result of the dividend, each holder of a share of MicroStrategy’s class A common stock will receive nine additional shares of class A common stock and each holder of a share of MicroStrategy’s class B common stock will receive nine additional shares of class B common stock,” the company said.
“The stock dividend will not have any impact on the voting and other rights of stockholders,” MicroStrategy added. MicroStrategy’s share price is up 6.4% in pre-market trading Thursday morning at $1,389, according to TradingView. The stock is down 17% over the past month but has gained 89% year-to-date. MicroStrategy buys additional 11,931 bitcoin for $786 million
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