What's Going On With MicroStrategy Stock?

MicroStrategy Incorporated MSTR shares are trading higher Thursday. The stock began trading on a 10-for-1 split-adjusted basis at the market open. 

The Details: MicroStrategy shares are climbing as the price of Bitcoin BTC/USD rebounds above the $58,000 level Thursday. MicroStrategy's stock is closely tied to movements in bitcoin due to the company's large digital holdings of 226,331 bitcoins making it the largest institutional holder of the cryptocurrency. 

According to the company's most recent earnings report, the original cost basis and market value of MicroStrategy's bitcoin were $8.329 billion and $14.016 billion, respectively.

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MicroStrategy announced Thursday that its MicroStrategy ONE for Government FedRAMP authorized solution is now available in the AWS Marketplace and federal agencies can deploy the platform on Amazon Web Services (AWS).

What Else: Michael Saylor, executive chairman of MicroStrategy, recently told Bloomberg that the value of his personal bitcoin holdings has grown to approximately $1 billion.

"I continue to acquire more," Saylor said in the interview. "I think it's a great capital investment asset for an individual, family, institutional corporation or country. I can't see a better place to put my money."

Saylor's vision for the future of Bitcoin has shaped MicroStrategy's corporate focus into a "Bitcoin Development Company." 

How To Buy MSTR Stock:

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in MicroStrategy's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

MSTR Price Action: According to Benzinga Pro, MicroStrategy shares are up 8.26% at $134.98 at the time of publication Thursday.

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