Economist and Bitcoin (CRYPTO: BTC) critic Peter Schiff expressed doubts about MicroStrategy Inc.'s (NASDAQ:MSTR) decision to split its stock amidst a bear market, labeling the move as an act of desperation
What Happened: Schiff took to X to share his views on the Virginia-based company announcing a 10-for-1 stock split Thursday. "I don't think I've ever seen a company announce a stock split when its shares were solidly in a bear market, down 35% from the high. This really smacks of desperation. MSTR looks very vulnerable for a major drop," he wrote.
I don't think I've ever seen a company announce a stock split when its shares were solidly in a bear market, down 35% from the high. This really smacks of desperation. MSTR looks very vulnerable for a major drop.
— Peter Schiff (@PeterSchiff) July 11, 2024
Like other companies, MicroStrategy took the decision with the intention of making its shares more accessible to investors and employees, potentially broadening its shareholder base.
For the curious, a stock split increases the number of shares by reducing the value of the stock while keeping the firm's market cap unchanged.
Why It Matters: This skepticism comes in the wake of Schiff's recent criticism of Bitcoin, which he referred to as a "fraud," in response to a supportive post by MicroStrategy co-founder Michael Saylor, a known advocate of the world's largest digital asset.
MicroStrategy, which calls itself the world's first Bitcoin development company, is an industry leader in incorporating the digital asset into its corporate reserve strategy. As of this writing, the software company holds a little over 1% of Bitcoin's total circulating supply, worth $12.9 billion, according to bitcointreasuries.net.
Price Action: At the time of writing, Bitcoin was exchanging hands at $57,277.50, down 0.98% in the last 24 hours, according to data from Benzinga Pro.
Shares of MicroStrategy closed 4.05% higher at $1.358.56 during Thursday's regular session. The stock has slumped 20% over the last month, likely due to Bitcoin's correction.
经济学家和比特币（加密货币：BTC）评论家彼得·希夫对微策略公司表示怀疑MicroStrategy（纳斯达克股票代码：MSTR）决定在熊市中拆分股票，将此举标记为绝望之举
发生了什么：希夫在X上分享了他对这家总部位于弗吉尼亚州的公司周四宣布以10比1的比例进行股票拆分的看法。“我想我从未见过一家公司在股价稳步进入熊市时宣布股票拆分，较高点下跌35％。这确实有点绝望。MSTR看起来很容易出现大幅下跌，” 他写道。
我想我从未见过一家公司在股价稳步进入熊市时宣布股票拆分，较高点下跌35％。这确实有点绝望。MSTR 看上去很容易出现大幅下跌。
— 彼得·希夫 (@PeterSchiff) 2024 年 7 月 11 日
与其他公司一样，MicroStrategy做出这一决定的目的是让投资者和员工更容易获得其股票，从而有可能扩大其股东基础。
好奇的是，股票拆分通过降低股票价值来增加股票数量，同时保持公司的市值不变。
为何重要：这种怀疑态度是在希夫最近批评比特币之后出现的，他称比特币为 “欺诈”，这是对微策略联合创始人迈克尔·塞勒（Michael Saylor）发表的支持性文章的回应，迈克尔·塞勒是世界上最大的数字资产的知名倡导者。
自称为世界上第一家比特币开发公司的MicroStrategy在将数字资产纳入其企业储备战略方面处于行业领先地位。根据bitcointreasuries.net的数据，截至撰写本文时，这家软件公司持有的比特币总流通供应量的略高于1％，价值129亿美元。
价格走势：根据Benzinga Pro的数据，在撰写本文时，比特币的交易价格为57,277.50美元，在过去24小时内下跌0.98％。
在周四的例会中，微策略股价收盘上涨4.05％，至1.358.56美元。该股在上个月下跌了20％，这可能是由于比特币的修正。
