MicroStrategy Announces 10-for-1 Stock Split Amidst Major Bitcoin Acquisition Plans

MicroStrategy, a Nasdaq-listed business intelligence firm, has announced a 10-for-1 stock split of its Class A and B common stock. This decision, revealed on July 11, aims to increase stock accessibility for both investors and employees. The split will be executed as a stock dividend, providing stockholders with nine additional shares for each share they currently own. The distribution of these additional shares is scheduled for after trading closes on August 7, 2024. Trading on the split-adjusted stock will begin on August 8, 2024. Despite this change, the voting rights of stockholders will remain unchanged. MicroStrategy also emphasized its identity

Source: CryptoIntelligence