If You Invested $1000 In MicroStrategy Shares 22 Years Ago After Last Stock Split, Here’s How Much You’d Have Now
By Benzinga
MicroStrategy Inc. (NASDAQ:MSTR) announced a 10-for-1 stock split Thursday in a bid to make its shares more appealing to investors.
The Michael Saylor co-founded firm brands itself as the world’s first Bitcoin (CRYPTO: BTC) development company and its stock moves in tandem with the the cryptocurrency market.
What Happened: Since going public in 1998, the company’s stock has been split thrice. The first instance of it occurred 24 years ago in January 2000 when a single stock was split into two. The last stock split took place in July 2002.
During the last split, MicroStratgy’s shares were valued at $11.35. Cut to the present, the value of the stock has exploded to $1,358, marking a whopping 119x jump.
Hence, an investment of $1000 in MSTR shares during its last stock split in 2002 will be worth nearly $119,000 today.
See Also: SEC Ends Investigation Into Paxos, Marking Win For Crypto Industry
Why It Matters: Micostrategy’s shares have rallied threshold over the past year, buoyed by a resurgence in the value of Bitcoin, which surged 90%.
The software company is the largest corporate holder of the world’s largest cryptocurrency, with a stash worth nearly $13 billion as of this writing, according to bitcointreasuries.net.
Price Action: At the time of writing, Bitcoin was exchanging hands at $57,320.09, down 1,07% in the last 24 hours, according to data from Benzinga Pro. MicroStrategy’s stock closed 4.05% higher at $1.358.56 during Thursday’s regular session.
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