EddieJayonCrypto

 11 Jul 24

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

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