BitcoinWarrior

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Why Bitcoin-Whale MicroStrategy Stock Is Climbing

MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher Monday after the company acquired an additional 3,000 Bitcoin (CRYPTO: BTC) for approximately $155.4 million in cash. The Details: According to an SEC filing, MicroStrategy acquired the bitcoins between Feb. 15 and Feb. 25 at an approximate price of $51,813 per bitcoin. MicroStrategy now holds approximately 193,000 bitcoins, which were acquired at an aggregate purchase price of approximately $6.09 billion and an average purchase price of approximately $31,544 per bitcoin. MicroStrategy was among several crypto-related stocks su…