Here's Why MicroStrategy Stock Went Up Today

Here's Why MicroStrategy Stock Went Up Today

Shares of MicroStrategy (NASDAQ: MSTR) went up today because the price of Bitcoin (CRYPTO: BTC) starting recovering from yesterday's plunge. Recently, MicroStrategy offered $1 billion in convertible notes with the express purpose of buying more Bitcoin tokens. MicroStrategy's average price for its Bitcoin tokens is now $23,985 each.