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Video: What is a Stock Split?
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Bit Digital is a holding company. Through its subsidiaries, Co. operates a bitcoin mining facility for the sole purpose of mining bitcoin. Co.'s mining operations are in Xinjiang, Sichuan Province and Yunnan Province in People's Republic of China, and in the State of Texas , the State of Nebraska and the State of Georgia in the U.S. Co. operates mining hardware which performs computational operations in support of the bitcoin blockchain measured in hash rate or hashes per second. Co. participates in mining pools wherein groups of miners associate to pool resources and earn cryptocurrency together allocated to each miner according to the hashing capacity they contribute to the pool. According to our Bit Digital stock split history records, Bit Digital has had 2 splits. | |
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Bit Digital (BTBT) has 2 splits in our Bit Digital stock split history database. The first split for BTBT took place on March 31, 1999. This was a 1 for 5
reverse split, meaning for each 5
shares of BTBT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split. BTBT's second split took place on January 21, 2000. This was a 1 for 5
reverse split, meaning for each 5
shares of BTBT owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 40 share position following the split.
When a company such as Bit Digital conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Bit Digital stock split history from start to finish, an original position size of 1000 shares would have turned into 40 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Bit Digital shares, starting with a $10,000 purchase of BTBT, presented on a split-history-adjusted basis factoring in the complete Bit Digital stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/21/2018 |
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End date: |
04/26/2024 |
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Start price/share: |
$4.74 |
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End price/share: |
$2.31 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-51.29% |
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Average Annual Total Return: |
-11.11% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$4,872.96 |
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Years: |
6.10 |
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Date |
Ratio |
03/31/1999 | 1 for 5
| 01/21/2000 | 1 for 5
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