MicroStrategy Announces Stock Split and Expands Bitcoin Holdings

MicroStrategy announced a 10-for-1 stock split of its Class A and B common stock on July 11.

This move aims to increase accessibility for investors and employees by granting nine additional shares per share owned through a stock dividend.

The distribution of these shares will occur after trading closes on August 7, 2024, with trading on the split-adjusted stock beginning the following day.

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Despite the split, voting rights for shareholders will remain unchanged. MicroStrategy also reiterated its focus as a Bitcoin development company, highlighting its strategy to accumulate Bitcoin as its primary treasury reserve asset.

This commitment involves using cashflows, equity, and debt proceeds to bolster its Bitcoin holdings.

In addition to its Bitcoin initiatives, MicroStrategy has expanded into artificial intelligence software analytics solutions. Recently, the firm conducted a stock sale initially targeting $500 million but ultimately raising nearly $800 million to acquire more BTC.

This move added 11,931 BTC to its reserves, bringing its total holdings to approximately 226,331 BTC, valued at about $13.2 billion.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.