MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher Monday as the price of Bitcoin (CRYPTO: BTC) 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.
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MSTR Price Action: According to Benzinga Pro, MicroStrategy Inc. shares are up 2.13% at $335.28 at the time of publication.
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