On Thursday, August 1, MicroStrategy (MSTR) will split 10:1.
While it won’t change any of the company’s fundamentals, it will make the stock far more attractive at a lesser cost to more investors. In fact, if we use Friday’s closing price of $1,752, the 10:1 split would bring that down to $175.20. Once the split happens, we don’t expect for MSTR to stay low for long.
Should Donald Trump win a second term, the crypto-bull has already said he would make the US the “crypto capital of the world,” which could send Bitcoin prices even higher. It would also take MSTR higher, too, considering the company now owns 214.246 BTC.