Stock-Split Watch: Is Strategy Next?
Could the Bitcoin-hoarding software company split its volatile stock again?Strategy (MSTR 1.75%), the tech company formerly known as MicroStrategy, has taken investors on a wild ride since its IPO. It went public at a split-adjusted price of $6 on June 11, 1998, and closed at $313 at the peak of the dot-com bubble on March 10, 2000. But by July 2, 2002, Strategy's stock had dropped to its all-time low of $0.45 per share.A $10,000 investment in its IPO would have briefly blossomed to $521,667 and withered to ...