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Grayscale Completes Bitcoin Mini Trust ETF and Ethereum Mini Trust ETF Reverse Split

ChainCatcher news, according to Cointelegraph, the cryptocurrency asset management company Grayscale has completed a reverse stock split of the Grayscale Bitcoin Mini Trust ETF and the Grayscale Ethereum Mini Trust ETF, aimed at making trading of the securities more "cost-effective."After the reverse stock split conducted at 22:00 UTC on November 19, the price per share of the Grayscale Bitcoin Mini Trust ETF increased fivefold. At the same time, the number of outstanding shares held by ETF holders was proportionally reduced. Due to the reverse stock split of the Ethereum Mini Trust ETF, the price per share of the trust increased tenfold from the net asset value (NAV) per share before the split, and the number of shares held by shareholders (excluding fractional shares) must also be proportionally reduced.It is reported that after the reverse stock split on November 19, shareholders will see its effects on the next trading day, November 20. For the Grayscale Bitcoin Mini Trust ETF, every five shares of the ETF before the split will be exchanged for one share of BTC after the split, with a price that will be five times the NAV per share before the split. For the Grayscale Ethereum Mini Trust ETF, every ten shares of ETH before the split will be exchanged for one share of ETH after the split, with a price that will be ten times the NAV per share before the split. Grayscale stated that since the split will occur automatically, shareholders do not need to take any action.

Grayscale completes reverse stock split for Bitcoin Trust ETF and Ethereum Trust ETF

ChainCatcher news, according to Cointelegraph, asset management company Grayscale has completed a reverse split of its two cryptocurrency ETFs—Grayscale Bitcoin Mini Trust ETF and Grayscale Ethereum Mini Trust ETF—aimed at making trading more "cost-effective."After the reverse split conducted at 22:00 UTC on November 19, the price per share of the Grayscale Bitcoin Mini Trust ETF increased fivefold. At the same time, the number of outstanding shares held by ETF holders was proportionally reduced. Due to the reverse split of the Ethereum Mini Trust ETF, the price per share of the trust increased tenfold from its net asset value (NAV) before the split. The number of shares held by shareholders (excluding fractional shares) must also be proportionally reduced. After the reverse split on November 19, shareholders will see its effects on the next trading day, November 20.For the Grayscale Bitcoin Mini Trust ETF, every five shares of the ETF before the split will convert into one share of BTC after the split, with a price that will be five times the NAV per share before the split. For the Grayscale Ethereum Mini Trust ETF, every ten shares of ETH before the split will convert into one share of ETH after the split, with a price that will be ten times the NAV per share before the split. Grayscale stated that since the split will occur automatically, shareholders do not need to take any action.

Opinion: MicroStrategy's stock split will boost its stock price to continue rising

ChainCatcher news, according to CoinDesk, MicroStrategy is the largest corporate Bitcoin holder, with over $13 billion worth of Bitcoin in its treasury. MicroStrategy (MSTR) announced today a 10-for-1 stock split, which will take effect on August 1, and shares will be distributed after the market closes on August 7. This split will make the company's stock "more accessible to investors and employees."Before this announcement, MicroStrategy's stock price had more than doubled over the past year, reaching a record high of over $1,900 in March, while BTC rose above $70,000. Today, the stock rose 6.8% to $1,300. MicroStrategy is led by Executive Chairman and widely followed Bitcoin supporter Michael Saylor, who typically increases leverage on Bitcoin holdings. The company regularly issues bonds to raise funds to purchase more Bitcoin for its treasury. After its latest purchase last month, the company holds 226,331 Bitcoins, worth over $13 billion.Stock splits are common among publicly traded companies with significantly appreciated stock prices. While a split does not change the company's valuation, it may make it psychologically easier for smaller retail investors to buy the stock by lowering the share price, even in cases where many retail trading platforms offer fractional shares. Recently, chip manufacturing giant Nvidia conducted a 10-for-1 stock split last month after its stock price reached four digits, driven by a surge in the AI sector, with its stock price doubling within a year.
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