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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 extra money into BTC.
And extra.
Till immediately, the place MSTR’s stability sheet boasts over 226,331 Bitcoin, value over $13B USD on the present worth.
Now they’ve chosen to do a 10-for-1 inventory cut up which suggests…
Put merely, shareholders will get a further 9 shares for each one share they maintain (every value 1/tenth the worth), which can be distributed after buying and selling closes on Aug. 7.
Based on the MSTR press launch, the article is: “to make MicroStrategy’s inventory extra accessible to buyers and staff.”
The fascinating half is what this might imply for crypto:
Whereas MSTR’s inventory cut up doesn’t affect BTC instantly, 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 whole treasury in BTC is an efficient or unhealthy thought is a matter of opinion.
However we’re glad corporations like this exist.
