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MicroStrategy Incorporated, the biggest corporate bitcoin holder, declared a 10-for-1 stock split on Thursday to make its shares more accessible to investors and employees. The news has put in motion a lot of optimism among market participants as the stock price has increased by 7% crossing $1400. 
As per the <a href="https://www.microstrategy.com/press/microstrategy-announces-10-for-1-stock-split_07-11-2024" target="_blank" data-type="link" data-id="https://www.microstrategy.com/press/microstrategy-announces-10-for-1-stock-split_07-11-2024" rel="noreferrer noopener nofollow">announcement</a>, class A and class B common stock are involved in this calculated strategic decision to broaden the pool of potential investors and enable employee stock ownership. 
The bitcoin-focused firm has planned to pay a stock dividend to the holders of MicroStrategy’s class A and class B common stock as of the close of business on August 1, 2024, the record date for the dividend, to effect the stock split. 
As a result of the dividend, the holders of nine extra shares of class A common stock and nine additional shares of class B common stock, respectively, will be awarded to each shareholder of class A and class B common stock.&nbsp; 
These extra shares will be allocated after the market closes on August 7, 2024, and trading on a split-adjusted basis will start on August 8, 2024, when the market opens. The stock dividend unaffected existing shareholders’ voting rights and other rights. 
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MicroStrategy shares increased around 7% after the news, hitting $1,400.20, up $94.47 (+7.24%). The stock is still roughly 34% below its all-time high of $1,999.99, reached in March 2024, even with this rise. 
The stock value of MicroStrategy, a U.S.-based business intelligence firm, has <a href="https://www.cryptotimes.io/2024/06/29/microstrategy-stock-soars-118-in-six-months/" target="_blank" rel="noreferrer noopener">increased by 118.09%</a> year to date. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/28/microstrategy-launches-ai-driven-data-insights-for-enterprise-apps/" target="_blank" rel="noreferrer noopener">MicroStrategy Launches AI-Driven Data Insights for Enterprise Apps</a> 
</blockquote>

MicroStrategy Announces 10-for-1 Stock Split for Accessibility

The Crypto Times

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