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What's Going On With MicroStrategy Inc Stock?

Published 02/10/2023, 15:58
Updated 02/10/2023, 17:10
© Reuters.  What's Going On With MicroStrategy Inc Stock?
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Benzinga - 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.

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

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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