As MicroStrategy's stock has surged 100% year-to-date, the company has announced a stock split. When will this take effect?
MicroStrategy Announces Stock Split
On Thursday, software maker MicroStrategy, known worldwide for its large Bitcoin (BTC) treasury, announced a split of its class A and B shares.
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Thus, this operation should take effect from August 1st, and this, at a ratio of 1 to 10 in the form of a dividend in shares. As for the distribution of these new shares, they will be delivered the following week:
In each case, the shares are expected to be distributed after the close of trading on August 7, 2024. Trading is expected to begin on a split-adjusted basis at the open of trading on August 8, 2024. The stock dividend will have no impact on the voting and other rights of shareholders.
The main reason for this decision is a desire to make the company's shares more accessible to investorsIndeed, with a unit price of nearly $1,360 at the time of writing, the stock has risen by around 100% since the start of the year.
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With a market capitalization of $24.10 billion, MicroStrategy Positioned as 342nd US Company.
As of today, it holds exactly 226,331 BTC, which represents almost 1.15% of all bitcoins ever created. For its part, BTC is trading at $57,000 per unit, down 1.75% over 24 hours.
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Source: MicroStrategy
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Since 2021, I have devoted my free time to seriously training myself on cryptocurrencies in order to acquire as much knowledge and credibility as possible. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyses on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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