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.
經濟學家和比特幣（加密貨幣：BTC）評論家彼得·希夫對微策略公司表示懷疑MicroStrategy（納斯達克股票代碼：MSTR）決定在熊市中拆分股票，將此舉標記爲絕望之舉
發生了什麼：希夫在X上分享了他對這家總部位於弗吉尼亞州的公司週四宣佈以10比1的比例進行股票拆分的看法。“我想我從未見過一家公司在股價穩步進入熊市時宣佈股票拆分，較高點下跌35％。這確實有點絕望。MSTR看起來很容易出現大幅下跌，” 他寫道。
我想我從未見過一家公司在股價穩步進入熊市時宣佈股票拆分，較高點下跌35％。這確實有點絕望。MSTR 看上去很容易出現大幅下跌。
— 彼得·希夫 (@PeterSchiff) 2024 年 7 月 11 日
與其他公司一樣，MicroStrategy做出這一決定的目的是讓投資者和員工更容易獲得其股票，從而有可能擴大其股東基礎。
好奇的是，股票拆分通過降低股票價值來增加股票數量，同時保持公司的市值不變。
爲何重要：這種懷疑態度是在希夫最近批評比特幣之後出現的，他稱比特幣爲 “欺詐”，這是對微策略聯合創始人邁克爾·塞勒（Michael Saylor）發表的支持性文章的回應，邁克爾·塞勒是世界上最大的數字資產的知名倡導者。
自稱爲世界上第一家比特幣開發公司的MicroStrategy在將數字資產納入其企業儲備戰略方面處於行業領先地位。根據bitcointreasuries.net的數據，截至撰寫本文時，這家軟件公司持有的比特幣總流通供應量的略高於1％，價值129億美元。
價格走勢：根據Benzinga Pro的數據，在撰寫本文時，比特幣的交易價格爲57,277.50美元，在過去24小時內下跌0.98％。
在週四的例會中，微策略股價收盤上漲4.05％，至1.358.56美元。該股在上個月下跌了20％，這可能是由於比特幣的修正。
