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.
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 roughly132,500 bitcoins as of FY22. Because of this, thestock often moves in sympathy with the price of Bitcoin and the crypto sector.
See Also:Why PacWest Bancorp (PACW) And Western Alliance (WAL) Stock Are Nosediving
According to data fromBenzinga Pro,MicroStrategy has a 52-week high of $522.80 and a 52-week low of $132.56.
2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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