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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.
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67 sats \ 6 replies \ @SwearyDoctor 11 Jul
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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55 sats \ 0 replies \ @Wumbo 11 Jul
This got me thinking where MSTR fell on the spectrum of high stock price.
https://www.forbes.com/advisor/investing/most-expensive-stocks/
I would not of guess MSTR was in the top 10
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13 sats \ 2 replies \ @gmd 11 Jul
ETFs were effectively a stock split for bitcoin. People are scared by the $60k price tag of BTC but feel better buying $20-$50 shares of FBTC, BRRR etc.
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112 sats \ 1 reply \ @02bcd3eeb0 11 Jul
They are going to go crazy when they learn about sats
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13 sats \ 0 replies \ @gmd 11 Jul
Haha yeah but I think most people have a hard time wrapping their head around the number value of sats. Seeing the sats/$ ticker daily on SN helps me.
I think it's definitely one influence that steers newbies to invest in shitcoins.
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13 sats \ 1 reply \ @jp305 11 Jul
I thought most brokers nowadays had fractional shares?
https://www1.interactivebrokers.com/en/trading/orders/fractional-share-orders.php
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78 sats \ 0 replies \ @kristapsk 11 Jul
It's virtual. You can't, for example, send fractional share OTC to somebody else.
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0 sats \ 0 replies \ @Bell_curve 12 Jul
cheaper options, increase options market volume around $MSTR
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