MicroStrategy 10-for-1 Stock Split: Making Shares More Accessible

Key Points:

• MicroStrategy announced a 10-for-1 stock split effective August 1, 2024.
• Each Class A and B shareholder will receive nine additional shares.

MicroStrategy 10-for-1 stock split will make shares more accessible. The split occurs via a stock dividend on August 1, 2024, with trading adjusted on August 8.

In a recent announcement, MicroStrategy declared a 10-for-1 stock split of its class A and B common stocks.

MicroStrategy 10-for-1 Stock Split Announcement

According to the board of directors, the decision was made to make the company’s stock more accessible to investors and employees. The stock split will be effected by way of a stock dividend to holders of record as of August 1, 2024.

This means that each holder of one share of Class A Common Stock shall receive nine additional shares of Class B Common Stock, and each holder of one share of Class B Common Stock shall receive nine additional shares.

The distribution is expected to be made after the market closes on August 7, 2024. Trading on a split-adjusted basis will begin at the market open on August 8, 2024. Each stockholder’s voting percentage and other rights will not change due to the stock dividend.

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Issuance of $500 Million in Senior Notes

In related news, MicroStrategy announced the issuance of $500 million in senior notes that are convertible for private placement. The net proceeds from the sale of such notes will be used by the Company to buy additional Bitcoin and for general corporate purposes.