10-1 stock split 1 Aug
MicroStrategy Stock Climbs As Bitcoin Recovers: What To Know
Benzinga
37 mins ago
3mins
MicroStrategy (MSTR.US)
1583.250
+13.35%
MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher Monday after the price of Bitcoin (CRYPTO: BTC) rose above $62,000.
The Details:
Bitcoin has rallied more than 5% over the past 24 hours as investors interpret the failed assassination attempt of President Trump as a positive development for cryptocurrencies.
On-chain analytics firm Santiment interpreted the rally as the market's "bullish bias" toward a pro-Trump development.
"It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred as a result," Santiment noted.
MicroStrategy recently announced a 10-for-1 stock split which aims to make MicroStrategy's shares more accessible to both investors and employees and could broaden its shareholder base. The stock split will take effect on Aug. 1, with trading on a split-adjusted basis expected to commence on Aug. 8.
Benzinga
37 mins ago
3mins
MicroStrategy (MSTR.US)
1583.250
+13.35%
MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher Monday after the price of Bitcoin (CRYPTO: BTC) rose above $62,000.
The Details:
Bitcoin has rallied more than 5% over the past 24 hours as investors interpret the failed assassination attempt of President Trump as a positive development for cryptocurrencies.
On-chain analytics firm Santiment interpreted the rally as the market's "bullish bias" toward a pro-Trump development.
"It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred as a result," Santiment noted.
MicroStrategy recently announced a 10-for-1 stock split which aims to make MicroStrategy's shares more accessible to both investors and employees and could broaden its shareholder base. The stock split will take effect on Aug. 1, with trading on a split-adjusted basis expected to commence on Aug. 8.
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