What's Going On With MicroStrategy Stock Friday?

MicroStrategy, Inc. stock is moving higher on Friday following a rise in the price of Bitcoin BTC/USD above $67,000.

What To Know: As of Friday morning, Bitcoin traded approximately 3% higher at $67,768, according to data from Benzinga Pro.

MicroStrategy is currently trading at $1,758, far above its 50 day moving average of $1,529. Other crypto-linked stocks, such as Riot Platforms, Inc. RIOT and Coinbase Global, Inc. COIN, are also moving higher following the rise in the price of Bitcoin.

In addition, MicroStrategy is expected to report earnings on Thursday after the market closes. Analysts estimate a loss of $1.10 per share and revenue at $122.60 million.

How To Buy MicroStrategy 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 MSTR'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.

Related Link: 87% Of Bitcoin Conference Speakers Are Men — Why Are There So Few Women?

MSTR Price Action: At the time of publication, MicroStrategy stock is trading 9.43% higher at $1,758 per data from Benzinga Pro.

Image: Master Tux from Pixabay