MicroStrategy to Split Stock 10:1 After Share Price Triples in a Year on Bitcoin Rally
The company is the largest corporate bitcoin holder with more than $13 billion worth of BTC in its treasury.
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Michael Saylor
The company is the largest corporate bitcoin holder with more than $13 billion worth of BTC in its treasury.
Bloomberg ETF analyst Eric Balchunas said this will be the ‘ghost pepper’ of ETF hot sauce.
Michael Saylor and Dell engaged in a brief back-and-forth on X on Friday morning.
The company held 214,400 bitcoins as of the end of April, which at current prices would be worth about $14 billion.
The proceedings of the issuance will be used to acquire more bitcoin and for general corporate affairs.
The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.
Bitcoin has significant upside potential this month thanks to two big catalysts and Michael Saylor’s MicroStrategy (MSTR) stock could surge, too, on its way toward getting “meaningfully higher” by the end of the year, TD Cowen analyst Lance Vitanza said in a note Monday.
Michael Saylor, executive chairman of MicroStrategy (Michael.com)
MicroStrategy now holds approximately 214,246 BTC ($13.5 billion), which is more than 1% of all the 21 million bitcoin that will ever exist.
The firm announced its plans to raise $500 million in a debt offering on Wednesday only days after purchasing 12,000 BTC with the proceeds of a previous $700 million offering.