MicroStrategy, Inc. (NASDAQ:MSTR) stock is trading higher on Friday amid a rise in the price of Bitcoin (CRYPTO: BTC).
What To Know: MicroStrategy shares and other crypto-linked stocks, including Coinbase Global, Inc. (NASDAQ:COIN), are trading higher as Bitcoin’s price reaches about $66 thousand.
As of Friday morning, price of Bitcoin has recovered from its drop earlier this week to about $63 thousand. As for MicroStrategy, its stock is trading well above its 50 day moving of $1,482. The average session volume for the stock is 1.31 million which it is currently trading below at 1.04 million.
The company is anticipated to release 2024 fiscal year second quarter earnings on August 1st after the market closes. Analysts estimate a loss ...