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Tysons-based bitcoin buyer MicroStrategy splits its stock 10-for-1

MicroStrategy, based in Tysons, Virginia, and the largest corporate holder of Bitcoin, will split its stock 10-for-1.

The stock split will be awarded to shareholders of record as of Aug. 1, and will begin trading on a stock split-adjusted price on Aug. 8.

MicroStrategy stock has soared about 1,000% since founder Michael Saylor began buying Bitcoin as a hedge against inflation in 2020. Its stock currently trades around $1,350 a share.

The 10-for-1 split applies to both holders of Class A common stock and Class B shares. MicroStrategy announced the split 鈥渢o make MicroStrategy鈥檚 stock more accessible to investors and employees.鈥

Saylor founded MicroStrategy in 1989 as one of the first data mining companies and remains an industry leading AI-powered enterprise analytics software company, but now considers itself the world鈥檚 first 鈥淏itcoin development company.鈥

Bloomberg has called Saylor one of the most prominent advocates for the cryptocurrency. In its most recent regulatory filing, MicroStrategy reported 214,400 Bitcoin holdings with a value of $7.54 billion.

Saylor himself has a personal net worth of $4.1 billion, according to Fortune.

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Jeff Clabaugh

Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for 91欧美激情 as part of a partnership with the Washington Business Journal, and officially joined the 91欧美激情 newsroom staff in January 2016.

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