MicroStrategy Announces 10-for-1 Stock Split Amid Bitcoin Holdings Surge

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.