MSTR - Why Bitcoin-Whale MicroStrategy Stock Is Climbing | Benzinga
MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher Monday after the company acquired an additional 3,000 Bitcoin (CRYPTO: BTC) for approximately $155.4 million in cash.
The Details:
According to an SEC filing, MicroStrategy acquired the bitcoins between Feb. 15 and Feb. 25 at an approximate price of $51,813 per bitcoin. MicroStrategy now holds approximately 193,000 bitcoins, which were acquired at an aggregate purchase price of approximately $6.09 billion and an average purchase price of approximately $31,544 per bitcoin.
MicroStrategy was among several crypto-related stocks surging in Monday’s session as Bitcoin traded above the $53,000 level. Shares have gained nearly 25% year-to-date as the rally continues following the approval of several spot bitcoin ETFs in early January ...