March 17, 2023 12:28 PM | 1 min read
MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher by some 7.54% to $259.26 during Friday’s session. Shares of crypto-related stocks are trading higher amid recent, marked strength in cryptocurrencies.
- Bitcoin (CRYPTO: BTC) is trading higher by 36.14% to the $26,000-level over the trailing week
- Ethereum (CRYPTO: ETH) is higher by 25.95% to the $1,700-level over the past week
For the unitiated, MSTR is a provider of enterprise analytics and mobility software.
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As part of the company’s broader financial strategy, MicroStrategy owns roughly 132,500 bitcoins as of FY22. Because of this, the stock often moves in sympathy with the price of Bitcoin and the crypto sector.
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According to data from Benzinga Pro, MicroStrategy has a 52-week high of $522.80 and a 52-week low of $132.56.
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