MicroStrategy (MSTR) Pops 3% After Saylor Announces 10 For 1 Stock Split
Microstrategy Soars on Stock Split Announcement
Microstrategy (MSTR) shares surged 3% on Monday following news that CEO Michael Saylor would be implementing a 10-for-1 stock split. The move will divide each existing share into 10 new shares, effectively making the stock more accessible to retail investors. Saylor described the split as “a symbol of our commitment to building the best and most innovative business intelligence platform.”
The announcement comes on the heels of a strong financial performance for Microstrategy, which recently reported a 12% increase in revenue and a 60% jump in earnings per share. The company has been a pioneer in the adoption of Bitcoin as a corporate treasury asset, and it currently holds over 130,000 BTC.