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The largest bulls in crypto – MicroStrategy (MSTR) – simply introduced that they’re splitting their shares in a 10-for-1 inventory cut up.
ICYMI, MSTR had a spare $500M (or so) in money again in 2020 and the CEO on the time (Michael Saylor) determined to take a position all of it into BTC.
Then he invested more cash into BTC.
And extra.
Till at this time, the place MSTR’s steadiness sheet boasts over 226,331 Bitcoin, price over $13B USD on the present worth.
Now they’ve chosen to do a 10-for-1 inventory cut up which implies…
Put merely, shareholders will get an extra 9 shares for each one share they maintain (every price 1/tenth the worth), which can be distributed after buying and selling closes on Aug. 7.
In keeping with the MSTR press launch, the item is: “to make MicroStrategy’s inventory extra accessible to traders and workers.”
The attention-grabbing half is what this might imply for crypto:
Whereas MSTR’s inventory cut up doesn’t affect BTC straight, it does point out that that this mannequin can work.
To this point, we’ve seen Metaplanet take the identical method in Japan, however that’s about it.
Whether or not having your complete treasury in BTC is an effective or unhealthy thought is a matter of opinion.
However we’re glad firms like this exist.
