Name of opportunity: 👀
MicroStrategy Inc
10-for-1 split: 🔟
Yesterday, MicroStrategy announced a 10-for-1 stock split, which aims to make the stock more affordable and accessible to investors as well as its employees. Investors will receive nine additional shares for each Class A or Class B share in MicroStrategy they hold, distributed on 7 August. As well as lowering the price of the stock, this increases its market liquidity. Investors have responded by buying the stock, but it is still predicted by analysts to increase even further in value. In fact, it is considered a 'Strong Buy'.
How hot is this investment opportunity? 🔥🔥🔥
Analysts think MicroStrategy may continue to rise in value - in fact, they predict the price of MicroStrategy Inc. will increase from $1,358.56 to $2,098.40 in the next 12 months. If you invested $1000, you might profit $544.58.
Why could this be? For a start, stock splits are often pointed out by analysts as a predictor of future success. Stocks have to be both expensive and popular to justify a split, as the process of splitting a stock is costly in itself and needs to be compliant with legal regulations - companies who split their stock have to feel confident that it will be worth it. Splitting stock is a gesture of certainty by the company that its value will continue to grow.
Another reason investors are excited about MicroStrategy is that it is the largest corporate holder of Bitcoin. MicroStrategy has been buying large quantities of Bitcoin since 2020 and earlier this year, MicroStrategy announced it will use Bitcoin blockchain technology to build decentralised digital identities, hoping to prevent spam and protect user privacy online.
Largest corporate holder of Bitcoin: ₿
MicroStrategy now holds more than 1% of all the Bitcoin that can ever exist (as there is a finite amount of the cryptocurrency being mined). The company is a key player in the cryptocurrency and Bitcoin landscape. MicroStrategy also designs, develops, markets and sells its software platform through licensing arrangements and cloud subscriptions and related services. The business intelligence software is used for analysis of big data, aided by AI.
Which neme?: 🔍
‘Analyst Recommended Changes’ and ‘Crypto’
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