MicroStrategy Shares Hit A 3-Month High

MicroStrategy shares hit A 3-month high. The increase in Bitcoin was reflected in MicroStrategy shares.

After the increase in the price of Bitcoin, the shares of MicroStrategy, which has more than 100 thousand BTC, increased by more than 26 percent, recording a three-month high. MicroStrategy, which closed the week at $ 539, rose to $ 695 on the first day of the new week and closed the day at $ 682.50. This was recorded as the highest level seen since April 16. The highest value to date was recorded as $ 1315 on February 9, 2021. The enterprise software giant uses Bitcoin as its primary treasury reserve asset. The company announced last month that it has 105 thousand 85 BTC as of June 21, and that it has acquired these BTCs for 2 billion 740 million dollars at an average price of 26 thousand 80 dollars.

Why Did The Bitcoin Price Rise?

Bitcoin price reached above $ 40 thousand after the news that Amazon will accept Bitcoin. After the denial from the company, BTC price dropped to 37 thousand 300 dollars. With the current Bitcoin price, MicroStrategy shares are also expected to decline today.