MicroStrategy Incorporated (NASDAQ:MSTR) has declared a 10-for-1 stock split for both its class A common stock and class B common stock, aiming to make its shares more accessible to a broader base of investors and employees.

The decision was announced today following approval from its board of directors.

The stock split will be implemented as a stock dividend for shareholders recorded as of August 1, 2024.

Each shareholder will receive nine additional shares for every share held, with the distribution scheduled for after the close of trading on August 7, 2024.

Meanwhile, trading on a split-adjusted basis will begin at the opening of the market on August 8, 2024.