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MicroStrategy, a business intelligence firm that has become one of the largest corporate holders of bitcoin, announced a 10-for-1 stock split for both its class A and class B shares, with the split effective August 8, 2024. The split is intended to lower the per‑share price and potentially broaden investor access, though it does not change the overall value of holdings. The company’s market valuation has risen sharply, driven by its bitcoin treasury of roughly 592,000 to over 600,000 coins valued at about $70 billion, resulting in a stock that moves closely with bitcoin price movements and exhibits high volatility.
MicroStrategy announced a 10-for-1 stock split, with record holders as of Aug. 1 receiving nine additional shares per share owned.
The split aims to make the stock more accessible by lowering the share price, but it does not affect the total value of investors' holdings.
MicroStrategy holds approximately 592,000–600,000 bitcoin, valued at around $70 billion, making its stock highly correlated (≈0.93) with bitcoin price movements.
The company’s market cap is about $122 billion, exceeding the net asset value of its bitcoin treasury.
MicroStrategy funds bitcoin purchases through debt and equity issuance, leading to a 42% increase in outstanding shares year‑over‑year.
The split will be recorded for shareholders of record on Aug. 1, with additional shares issued after markets close on Aug. 7 and split‑adjusted trading beginning on Aug. 8.
MicroStrategy holds roughly 592,000 to over 600,000 bitcoin, valued at about $70 billion according to the sources.
The stock has a correlation coefficient of approximately 0.93 with bitcoin returns, meaning its price moves almost in lockstep with the cryptocurrency.
The company’s market capitalization is around $122 billion, which exceeds the $70 billion value of its bitcoin treasury.
It has used a mix of debt financing and equity issuance, resulting in a 42% increase in outstanding shares year‑over‑year.
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