Microstrategy Inc. The Money Song
Updated
MicroStrategy, the largest corporate holder of bitcoin, announced a 10-for-1 stock split on Thursday.
The company said the shares will be split into class A common stock and class B common stock “to make MicroStrategy’s stock more accessible to investors and employees.” The move comes amid a lull for the price of bitcoin, which has been stuck in a tight range since about March, but which many investors expect to rebound in the second half of the year.
The shares rose about 6% but are currently about 34% off an all-time high of $1,999.99, reached in March of this year.
In technical terms Microstrategy tripled in price over the past 12 months and doubled in price in 2024, outperforming the major crypto assets like BTC, ETH, and Total crypto market cap as well.
The main technical graph indicates perhaps it has much more to deliver.
//
Money talks
Money shouts
Don't take much to hear
Like it or not
You need a lot
If you're gonna make a life down here
The company said the shares will be split into class A common stock and class B common stock “to make MicroStrategy’s stock more accessible to investors and employees.” The move comes amid a lull for the price of bitcoin, which has been stuck in a tight range since about March, but which many investors expect to rebound in the second half of the year.
The shares rose about 6% but are currently about 34% off an all-time high of $1,999.99, reached in March of this year.
In technical terms Microstrategy tripled in price over the past 12 months and doubled in price in 2024, outperforming the major crypto assets like BTC, ETH, and Total crypto market cap as well.
The main technical graph indicates perhaps it has much more to deliver.
//
Money talks
Money shouts
Don't take much to hear
Like it or not
You need a lot
If you're gonna make a life down here
Trade active
July 18, 2024Money talks
Money spits
Makes its presence felt
Wanna be broke
This is no joke
When you're dealing with the cards you're dealt
//
Hey
Split is coming
Trade active
July 20, 2024//
Get rich quick
Get rich fast
Trade active
July 21, 2024That's the game right now
Profit is all
This is my call
Baby won't you let me show you how
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