MicroStrategy, Inc. (NASDAQ:MSTR) stock is trading higher on Friday amid a rise in the price of Bitcoin (CRYPTO: BTC).
What To Know: MicroStrategy shares and other crypto-linked stocks, including Coinbase Global, Inc. (NASDAQ:COIN), are trading higher as Bitcoin's price reaches about $66 thousand.
As of Friday morning, price of Bitcoin has recovered from its drop earlier this week to about $63 thousand. As for MicroStrategy, its stock is trading well above its 50 day moving of $1,482. The average session volume for the stock is 1.31 million which it is currently trading below at 1.04 million.
The company is anticipated to release 2024 fiscal year second quarter earnings on August 1st after the market closes. Analysts estimate a loss of $1.10 per share and revenue of $122.60 million.
How To Buy MicroStrategy Shares
By now you're likely curious about how to participate in the market for MicroStrategy (NASDAQ:MSTR) – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of MicroStrategy (NASDAQ:MSTR), which is trading at $1701.56 as of publishing time, $100 would buy you 0.06 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Related Link: Analyst Ratings For Coinbase Glb
MSTR Price Action: At the time of writing, MicroStrategy stock is trading 11.5% higher at $1,734.57, according to data from Benzinga Pro.
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