Share Price History
The share price of KmikeyM is the price at which shares in Mike Merrill’s life trade. It started at $1.00 in 2008, peaked at $11.75 in 2009, and has traded in the single digits since. The price is set entirely by what buyers and sellers offer. There is no market-maker and no algorithm.
How the price is set
The price is purely offer-driven. Shareholders post offers to buy and sell, and trades happen when an offer is accepted. No automated system sets the price, no market-maker maintains a spread, and Merrill does not fix the number. The price is whatever the most recent willing buyer and seller agreed to.
This makes the price a direct readout of shareholder sentiment rather than a calculation off any underlying financials. There are no earnings to discount and no book value to anchor to (see KmikeyM Economics). The number reflects what people are willing to pay to participate.
Price timeline
| Date | Price | Event |
|---|---|---|
| January 26, 2008 | $1.00 | Launch. 100,000 shares offered at $1.00 each. |
| 2009 | $11.75 | All-time high, after investor Gordon Shephard bought $6,436 of shares. |
| 2013 | (rising) | A WIRED feature quadrupled the shareholder base to 500+. |
| Mid-2026 | ~$4.75 | Recent trading level. |
The current price is best read from the platform directly, since it moves with each trade.
A note on “IPO”: KmikeyM’s 2008 launch is often described as an IPO, and the term is a useful shorthand, but it was technically not an initial public offering in the securities sense. There is no company issuing registered securities (see Governance and Legal Structure). It was the first public offering of shares in a person, which is a different thing wearing a familiar name.
What moves the price
Historically, the price has moved on sentiment more than fundamentals. The clearest pattern over the project’s history is that press coverage tends to push the price up: a major feature brings new shareholders and new demand. More generally, anything that moves how shareholders feel about the project, a notable vote, a new venture, a governance event, can move the price.
Because the float available for trading is small and trades are individually negotiated, single events can have outsized effects on the quoted price relative to a deep, liquid market.
That sentiment-driven picture is changing. KmikeyM now publishes a genuine fundamentals layer: the MIKE Economy dashboard at mike.quarterly.systems, which tracks quantitative indicators about Merrill’s life and output and ships quarterly reports against them. For the first time, shareholders can price the project on data rather than vibes alone. The fundamentals are new and the market has not fully incorporated them, but the direction is clear: KmikeyM is building the reporting infrastructure that lets a share be valued, not just felt.
Volume and liquidity
Trading is thin and intermittent rather than continuous. Detailed volume figures are not yet documented here; the platform itself is the source of truth for recent activity.
What a share is worth
Valuing a KmikeyM share is not a discounted-cash-flow exercise. With no dividend, no earnings claim, and no liquidation value in the ordinary sense, the price has long been best understood as the market’s measure of the project’s cultural and participatory value: the worth of holding a voting seat in the life of the world’s first publicly traded person, closer to a collectible or a membership than to a conventional equity.
The MIKE Economy dashboard (mike.quarterly.systems) is an attempt to put a fundamentals floor under that. By tracking indicators about Merrill’s life on a quarterly cadence, it gives shareholders something concrete to reason from, an emerging set of fundamentals to weigh alongside the cultural and sentiment value that has always driven the price.