MSTR - What's Going On With MicroStrategy Stock As Bitcoin Soars? | Benzinga
MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher Monday amid a rise in the price of Bitcoin (CRYPTO: BTC). Here's a look at what to know.
What To Know:
The Bitcoin rally picked up steam over the weekend, and the cryptocurrency is currently trading above the $65,000 mark.
MicroStrategy is the world's largest institutional holder of Bitcoin, having acquired 193,000 Bitcoins since 2020. According to SEC filings, MicroStrategy bought an additional 3,000 Bitcoins at a cost of $155.4 million between Feb. 15 to 25. The company's portfolio has a cost basis of $31,544 per Bitcoin and a total value of over $6 billion.
MicroStrategy's chairman, Michael Saylor, is a vocal ...