MicroStrategy executes 10-for-1 stock split four months after bitcoin peak

CPHOTO | Nurphoto | Getty Images

MicroStrategy, the largest corporate holder of bitcoin, announced a 10-for-1 stock split on Thursday.

The company said the shares will be split into Class A common stock and Class B common stock “to make MicroStrategy shares more accessible to investors and employees.” The move comes amid a period of lull in the price of bitcoin, which has been in a tight range since March but which many investors expect to recover in the second half of the year.

Leave a Comment