MicroStrategy sets 10-for-1 stock split four months after bitcoin peak

The shares rose about 5% in premarket trading, but are currently about 34% off an all-time high of $1,999.99, reached in March of this year. MicroStrategy launched as a provider of enterprise software, but began employing an aggressive bitcoin-buying strategy in 2020 and has primarily traded as a proxy for the flagship cryptocurrency's price since then. This February, the company said it would shift its company focus and brand to bitcoin development. MicroStrategy stock is up 106% this year, compared to bit ...