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Cryptocurrency News Articles
MicroStrategy Plans 10-for-1 Stock Split as Bitcoin Bet Soars
Jul 11, 2024 at 10:03 pm
- MicroStrategy Inc., the largest publicly-traded corporate holder of Bitcoin, said it will conduct a 10-for-1 stock split to make the shares more accessible to investors and employees.
(Bloomberg) -- MicroStrategy Inc., the largest publicly-traded corporate holder of Bitcoin, said it will conduct a 10-for-1 stock split to make the shares more accessible to investors and employees.
The shares have surged around 1,000% since the enterprise software company started buying Bitcoin in 2020, outpacing gains in the cryptocurrency, which is up more than 500% over the same period. The stock rose 7.7% to $1,406 as of 10 am in New York.
Michael Saylor, the chairman and co-founder of MicroStrategy, embarked on buying Bitcoin as an inflation hedge and alternative to holding cash. The company has amassed 226,331 Bitcoin worth about $13.3 billion.
The average price that MicroStrategy has spent on each Bitcoin is approximately $37,000, according to a company filing. Bitcoin rose about 1.9% to $58,468 on Thursday.
The split of the Class A and Class B common shares will be to holders of record as of Aug. 1. The new shares are expected to be distributed Aug. 7. MicroStrategy last split its stock in 2002.
(Updates the share price in the second paragraph.)
©2023 Bloomberg L.P.
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- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
