MicroStrategy Inc., the largest publicly-traded corporate holder of Bitcoin, said it will conduct a 10-for-1 stock split to make the shares more accessible to investors and employees.
The shares have surged around 1,000% since the enterprise software company started buying Bitcoin in 2020, outpacing gains in the cryptocurrency, which is up more than 500% over the same period. The stock rose 7.7% to $1,406 as of 10 am in New York.
Michael Saylor, the chairman and co-founder of MicroStrategy, embarked on buying Bitcoin as an inflation hedge and alternative to holding cash. The company has amassed 226,331 Bitcoin ...
