MicroStrategy (MSTR) Stock Moves Higher As Bitcoin (BTC) Breaks Above $67,000

MicroStrategy, Inc. stock is moving higher on Friday following a rise in the price of Bitcoin BTC/USD above $67,000.

MicroStrategy, Inc. (NASDAQ:MSTR) stock is rising on Friday morning following a gain in the price of Bitcoin BTC/USD above $67,000.

Bitcoin Price Now: At the time of writing, Bitcoin is trading at $67,768, up 3% over the past 24 hours, according to data from Benzinga Pro.

Bitcoin is continuing to trade within a new range after setting a new all-time high last week. The recent price action in Bitcoin is impacting several stocks, including MicroStrategy.

Other crypto-linked stocks, including Riot Platforms, Inc. RIOT and Coinbase Global, Inc. COIN, are also rallying on Friday morning following the rise in the price of Bitcoin.

What To Know About MicroStrategy: MicroStrategy is now trading at $1,758, which marks a significant premium over its 50 day moving average of $1,529.

Later this week, MicroStrategy is set to report its fourth quarter earnings results on Thursday, December 16.

Analysts covering the stock are anticipating a loss of $1.10 per share, while the company is guiding towards a loss in the range of $1.06 to $1.14 per share.

Revenue for the quarter is expected to be in the range of $119.40 million to $125.60 million, while analysts are calling for revenue of $122.60 million.

Investors will also be paying close attention to the company's commentary on its Bitcoin holdings, which are now valued at over $4 billion.

How to Buy MicroStrategy Stock

If you're interested in purchasing a share – or a fractional share – of stock, there are several ways to do so.

One option is to go through a brokerage platform, which will allow you to buy and sell stocks quickly and easily.

Another option is to gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in MicroStrategy MSTR's case, it is in the Information Technology sector.

An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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