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MicroStrategy, a company that makes business software, has announced some big changes. They're splitting their stock and buying more <a href="https://www.coingabbar.com/en/crypto-blogs-details/bitcoin-challenging-the-us-dollars-dominance" title="Bitcoin" class="f-link" style="font-size: 16px; background-color: rgb(255, 255, 255);" rel="noopener noreferrer nofollow">Bitcoin</a>. Let's discover and look closer at what exactly happened. 
<h3 id="span-span-data-font-font-size-style-font-size-16px-stock-split-to-make-shares-more-affordable-span-span">Stock Split to Make Shares More Affordable</h3>
MicroStrategy's board of directors has decided to split the company's stock. This means that for every share a person owns now, they'll get ten shares after the split. It's like cutting a pizza into smaller slices - you still have the same amount of pizza, but now there are more pieces.
Why do this? The company says it wants to make its stock more accessible to investors and employees. When a stock price is very high, some people might find it hard to buy even one share. By splitting the stock, each share will cost less, making it easier for more people to invest in the company.
The split will happen on August 7, 2024, after the stock market closes. The next day, August 8, people will be able to buy and sell the new, lower-priced shares.
It's important to note that this split doesn't change how much of the company each investor owns. If you owned 1% of the company before the split, you'll still own 1% after the split - you'll just have more shares that are worth less each.
<h4>MicroStrategy – More Than Just Software</h4>
While MicroStrategy is known for making business software, they've also become famous for something else: buying Bitcoin. The company calls itself a "Bitcoin development company" and has been using its money to buy large amounts of digital currency.
MicroStrategy believes in Bitcoin so much that they're using it as their main way to store wealth. They're using money from their business and from selling stocks and bonds to buy more and more Bitcoin.
As of their last update, <a href="https://www.coingabbar.com/en/crypto-currency-news/microstrategys-latest-move-to-boost-bitcoin-holdings" title="MicroStrategy" class="f-link" rel="noopener noreferrer nofollow">MicroStrategy</a> owns 226,331 Bitcoins. At current prices, that's worth about $13.2 billion. That's a lot of digital money!
<h4>More Bitcoin on the Way</h4>
MicroStrategy isn't stopping there. They recently announced plans to sell more of their stock to raise money for buying even more Bitcoin. At first, they planned to sell $500 million worth of stock. Then they increased it to $700 million. In the end, they raised almost $800 million.
With $786 million from this sale, MicroStrategy bought 11,931 more Bitcoins. This purchase is what brought their total Bitcoin holdings to 226,331.
The company is also selling something called "convertible senior notes." These are a type of loan that can be changed into stock later. Some of the money from selling these notes will also be used to buy more Bitcoin.
<h4>Why Bitcoin?</h4>
MicroStrategy seems to believe strongly in the future of Bitcoin. They're using it as a way to store the company's wealth, similar to how some companies might keep gold or other valuable assets.
The company says this strategy allows them to use money from their business operations and from selling stocks and bonds to accumulate Bitcoin. They see this as an important part of their overall business strategy.
<h4>Looking Ahead</h4>
As MicroStrategy continues to buy more Bitcoin and make its stock more accessible, many people will be watching to see how this strategy plays out. The company is taking a bold approach by tying its future so closely to Bitcoin, a relatively new and often volatile digital currency.
With its stock split and ongoing Bitcoin purchases, MicroStrategy is positioning itself as a unique player in both the software and cryptocurrency worlds. As always with investments, time will tell whether this strategy proves successful in the long run.
Also read - <a href="https://www.coingabbar.com/en/crypto-currency-news/animoca-brands-and-core-launch-bitcoins-blockchain-validator" title="Animoca Brands" class="f-link" rel="noopener noreferrer nofollow">Animoca Brands and Core Launch Bitcoin's Blockchain Validator</a>

MicroStrategy Plans Stock Split and Expands Bitcoin Holdings

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