MicroStrategy (MSTR) Stock: Why The Price Increased Today

Mar 28th, 2022 13:11 EST
  • The stock price of MicroStrategy Incorporated (NASDAQ: MSTR) increased by over 4% during intraday trading today. This is why.

The stock price of MicroStrategy Incorporated (NASDAQ: MSTR) increased by over 4% during intraday trading today. Investors appear to be responding in sympathy with an increase in cryptocurrencies over the past 24 hours.

Bitcoin increased from about $44.85K yesterday afternoon to $47.5K as of 12PM ET today. And Ethereum increased from about $3.1K yesterday afternoon to about $3.36K as of 12PM today.

MicroStrategy is a business intelligence software company that has been investing billions of dollars in Bitcoin.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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