MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher Monday as the price of Bitcoin (CRYPTO: BTC) rises above $28,000 for the first time since August.

What To Know:

Shares of MicroStrategy are up on Monday amid a nearly 8% rise in the price of Bitcoin over the last five days. 

According to an SEC filing, MicroStrategy purchased an additional 5,445 bitcoin for approximately $147.3 million last week. 

MicroStrategy is the largest holder of Bitcoin with a total crypto balance of $4.1 billion and a total of 158,245 Bitcoin holdings. 

According to data from Benzinga Pro, 26.57% of available MSTR shares are being sold short. 

Related News: Why Femasys Inc Stock Is Roaring Higher 

MSTR Price Action: According to Benzinga Pro, MicroStrategy Inc. shares are up 2.13% at $335.28 at the time of publication.

Image: TheDigitalArtist from Pixabay