Bitcoin

Impact

The post <a href="https://coinpedia.org/news/microstrategy-announces-10-for-1-stock-split-to-bolster-its-bitcoin-plan/">MicroStrategy Splits Stock 10-for-1, Eyes Bitcoin Buying Spree</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
MicroStrategy Inc. (NASDAQ: MSTR), a leading American tech firm specializing in enterprise analytics and mobility software, has announced a 10-for-1 stock split for its Class A and B common stock. This move aims to make MSTR stocks more accessible to both investors and employees. 
By implementing this stock split, MicroStrategy hopes to enhance liquidity, enabling the company to acquire more Bitcoins in the coming years. The trading of the newly split MSTR stock will begin on August 8, 2024, without affecting stakeholders’ voting rights. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “As a result of the dividend, each holder of a share of MicroStrategy’s class A common stock will receive nine (9) additional shares of class A common stock and each holder of a share of MicroStrategy’s class B common stock will receive nine (9) additional shares of class B common stock,” <cite><a href="https://www.microstrategy.com/press/microstrategy-announces-10-for-1-stock-split_07-11-2024">Microstrategy</a></cite>
</blockquote> 
<h2 class="wp-block-heading" id="h-say-hello-to-a-blockchain-future">Say Hello to a Blockchain Future</h2> 
This stock split paves the way for easier tokenization of MicroStrategy’s stock on various blockchains, reinforcing the company’s commitment to its Bitcoin strategy. Founder and chairman Michael Saylor has consistently highlighted the importance of including Bitcoin in investment portfolios as a long-term insurance plan. 
As reported by Coinpedia, MicroStrategy currently holds over 226,000 Bitcoins, acquired through stock sales and revenue collection. The company’s bold approach has influenced other publicly traded companies, such as Metaplanet and Tesla, to adopt similar Bitcoin strategies. 
Looking ahead, the adoption of Bitcoin by institutional investors is expected to grow, facilitated by spot BTC ETFs that offer increased liquidity and security. 
Read Also : <a href="https://coinpedia.org/news/breaking-us-inflation-falls-to-3-lower-than-expectations-bitcoin-price-surge/" target="_blank" rel="noreferrer noopener">BREAKING: US Inflation Falls To 3%, Lower Than Expectations, Bitcoin Price Surge</a> 
Is MicroStrategy’s stock split a sign of a coming Bitcoin bull run? Share your thoughts.

MicroStrategy Splits Stock 10-for-1, Eyes Bitcoin Buying Spree

Mục lục

CoinPedia News

Các bài viết khác được xuất bản trên 11 thg 7, 2024

SEI Price Surges After Downtrend: Analyst Predicts 10x Increase

How MoonBag’s Transparency Sets It Apart From Kangamoon

Major Crypto Events Lined Up In Japan

Top 5 Altcoins to Watch in Summer 2024

The people’s network: Democratizing digital infrastructure through DePINs | Opinion

XRP Price Poised for a Bullish Path Unless This Support Paves Way

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!