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What’s Going On With MicroStrategy Stock As Bitcoin Soars?

MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher Monday amid a rise in the price of Bitcoin (CRYPTO: BTC). Here’s a look at what to know. What To Know: The Bitcoin rally picked up steam over the weekend, and the cryptocurrency is currently trading above the $65,000 mark. MicroStrategy is the world’s largest institutional holder of Bitcoin, having acquired 193,000 Bitcoins since 2020. According to SEC filings, MicroStrategy bought an additional 3,000 Bitcoins at a cost of $155.4 million between Feb. 15 to 25. The company’s portfolio has a cost basis of $31,544 per Bitcoin and …