Stock-Split Watch: Is Strategy Next?
Could the Bitcoin-hoarding software company split its volatile stock again?
Strategy (NASDAQ: MSTR), 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 $750 in its first four years as a public company. But today, Strategy's stock trades at about $300 again -- so that investment would have gradually recovered to about $500,000. A $10,000 investment in Strategy at its all-time low in 2022 would be worth $6.67 million today.
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