MicroStrategy has seen significant growth since its 1998 IPO and a 10-for-1 stock split in 2024
From Nasdaq
October 10, 2024 5:15 AM:
MicroStrategy (NASDAQ: MSTR) has evolved significantly since its 1998 IPO as a B2B enterprise software company. In 2020, it became the first public company to buy Bitcoin (CRYPTO: BTC) and has outperformed Nvidia in the S&P 500 since.
Investors who held MicroStrategy stock since its IPO experienced a rollercoaster of stock splits. From a 2-for-1 split in 1998 to a 10-for-1 split in 2024, their shares would have gone from 1 to 2, now valued at $186 each.
Following the purchase of $250 million worth of Bitcoin in 2020, MicroStrategy’s market cap soared, leading to a 10-for-1 stock split in 2024. Investors who held since the IPO would see a 3,000% return, with each share worth $186.
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Read more at Nasdaq: If You Bought 1 Share of MicroStrategy at Its IPO, Here’s How Many Shares You Would Own Now
