MicroStrategy Incorporated MSTR shares are trading higher Monday as the price of Bitcoin BTC/USD rises above $28,000 for the first time since August.
What To Know:
Shares of MicroStrategy are up on Monday amid a nearly 8% rise in the price of Bitcoin over the last five days.
According to an SEC filing, MicroStrategy purchased an additional 5,445 bitcoin for approximately $147.3 million last week.
MicroStrategy is the largest holder of Bitcoin with a total crypto balance of $4.1 billion and a total of 158,245 Bitcoin holdings.
According to data from Benzinga Pro, 26.57% of available MSTR shares are being sold short.
Related News: Why Femasys Inc Stock Is Roaring Higher
MSTR Price Action: According to Benzinga Pro, MicroStrategy Inc. shares are up 2.13% at $335.28 at the time of publication.
Image: TheDigitalArtist from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.