MicroStrategy Approves a 10-for-1 Stock Split

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MicroStrategy has announced a 10-for-1 stock split of its Class A and B common stock. The board of directors made the decision on July 11 in order to make investing in the company more accessible for investors and employees.

This stock split will be executed as a stock dividend, with each shareholder of class A and B stocks receiving nine additional shares for every share owned.

The split will occur after trading closes on Aug. 7, 2024, with the newly adjusted stock available for trading on Aug. 8, 2024.

Despite the split, the voting rights of stockholders will not be impacted. In addition to this announcement, MicroStrategy also declared itself as a Bitcoin development company. The firm states that it is dedicated to contributing to the growth and development of the Bitcoin network through its activities in the financial markets.