260 sats \ 8 replies \ @petertodd 11 Jul \ on: MicroStrategy Announces 10-for-1 Stock Split bitcoin
Required because our traditional financial system can't deal with fractions of a share.
of course a fund doesn't care if it buys 1,000 stocks at 1600 or 10,000 stocks at 160. The split only matters for smaller investors, who would want to invest "a fraction", i.e. less than the current share price. So, in other words, MSTR is going after small investors managing their own portfolios.
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This got me thinking where MSTR fell on the spectrum of high stock price.
I would not of guess MSTR was in the top 10
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They are going to go crazy when they learn about sats
I thought most brokers nowadays had fractional shares?
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It's virtual. You can't, for example, send fractional share OTC to somebody else.
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cheaper options, increase options market volume around $MSTR
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