9 articles | last updated: Jul 12 11:00:15
The software firm aims to make shares more accessible after tripling in value over the past year, driven by its substantial Bitcoin investments.
- MicroStrategy will split its class A and class B shares on August 1, distributing nine additional shares per existing share.
- The company's stock price has surged over 1000% since it began buying Bitcoin in 2020, now holding over $13 billion in the cryptocurrency.
- Economist Peter Schiff criticized the split as a desperate move in a bear market, despite the company's significant Bitcoin reserves.
- The split follows similar moves by companies like Nvidia and Broadcom, aiming to attract more retail investors.
- MicroStrategy's stock has mirrored Bitcoin's performance, rising sharply with the cryptocurrency's recent gains.
People, Places and Things In This Story
- MicroStrategy Business intelligence company
- Bitcoin Cryptocurrency
- Peter Schiff American stockbroker
- Nvidia Software company
- Broadcom Inc Semiconductor manufacturing company
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