tl;dr
MicroStrategy (MSTR), a Nasdaq-listed software firm and major holder of bitcoin (BTC), has announced a 10-for-1 stock split to take place on August 1. Share distribution will occur after the market close on August 7. This move aims to make the company's shares more accessible to investors and employ...
MicroStrategy (MSTR), a Nasdaq-listed software firm and major holder of bitcoin (BTC), has announced a 10-for-1 stock split to take place on August 1. Share distribution will occur after the market close on August 7. This move aims to make the company's shares more accessible to investors and employees. The announcement follows a significant increase in MicroStrategy's share price over the past year, with the company holding a substantial amount of BTC. The stock split does not change the company's valuation but may make the stock more accessible to smaller investors.
Nasdaq-listed software firm MicroStrategy (MSTR), the largest corporate holder of bitcoin (BTC), announced a 10-for-1 stock split on Thursday. The split will be effected on Aug. 1 and shares will be distributed after the Aug. 7 market close, the company said in a press release. Holders of class A and class B common shares will receive nine additional shares for each share they own. The company said that the split will make the company's shares "more accessible to investors and employees." The announcement comes after MicroStrategy's share price more than tripled over the past year, hitting an all-time record of over $1,900 in March as BTC rallied past $70,000. The shares rose 6.8% to $1,300 today.
MicroStrategy, led by executive chairman and widely followed bitcoin proponent Michael Saylor, is often viewed as a leveraged play on the price of bitcoin. After its latest purchase last month, the company held 226,331 BTC worth over $13 billion. Stock splits are common among public companies whose shares have significantly appreciated. While the split does not change the company's valuation, it could make the stock psychologically more accessible to smaller, retail investors by reducing the share price even at a time when many retail-facing trading platforms offer fractional shares. Most recently, chipmaker juggernaut Nvidia (NVDA) saw a 10:1 stock split last month after reaching a four-digit share price, tripling in a year fueled by the artificial intelligence-driven (AI) equities rally.
More about MicroStrategy Incorporated
MicroStrategy Incorporated Summary
MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.
Industry: TECHNOLOGY
Sector: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 23.16 billion
Dividend Yield: None
Beta (5Y Monthly): -10.71
52-Week Change: 32.62
52-Week High: -0.174
52-Week Low: 489592000
Shares Outstanding: 1959.82
EPS: -0.775
PE Ratio: -0.055
More about NVIDIA Corporation
NVIDIA Corporation Summary NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.
Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 331.86B
Current Price: 78.89
Change: 1.6% (0.016)
Dividend Yield: 1.71%
EPS: 3.234
PE Ratio: 0.534
Revenue: 79.77B
52-Week High: 122.54
52-Week Low: 6.5
Price to Sales: 2.621
More about C3 Ai Inc
Company: C3 Ai Inc
Symbol: C3
Sector: Technology
Industry: Services - Prepackaged Software
Market Cap: 3830652000
Dividend Yield: None
EPS: -2.34
PE Ratio: 2.602
ROE: -0.901
Volume: 310582000
Stock Price: 29.35
52-Week High: 0
52-Week Low: 0.196