Microstrategy quotes soared 28% as bitcoin moves to growth

13.05.2022

Кирилл Могинштейн

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Microstrategy quotes soared 28% as bitcoin moves to growth

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Microstrategy MSTR $209.13 +21,75% Buy Coinbase Global COIN$69.86 +13,54% Buy Robinhood Markets HOOD$10.74 +2,58% Buy

Quotes of Microstrategy in the moment soared by 28.51% to $220. By 18:28 Moscow time, growth slowed down to 21.53%, the price of one paper was $208.05. This is evidenced by trading data on NASDAQ.

Shares are supported by the bitcoin rate, which at the time of 18:15 Moscow time increased by more than 3%, to $30.6 thousand per coin.

Without a steady further strengthening of the cryptocurrency, Microstrategy shares will not be able to rise for a long time, writes Barron's. This is due to the fact that the main assets of the company are presented in bitcoins. As of March 31, Microstrategy owned 129.2 thousand tokens.

Since the beginning of the year, Bitcoin has lost 37%, while Microstrategy shares have collapsed by 67%.

Follow the news of the companies in the telegram channel "Catalog of RBC Investments"

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Microstrategy quotes soared 28% as bitcoin moves to growth

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