Overview

• 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.