Benzinga | Nov 2, 2021 12:05PM EDT

Why Bitcoin-Related Stock MicroStrategy Is Rising Today

Shares of crypto-related stocks, including MicroStrategy Incorporated (NASDAQ:MSTR) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading about 4.1% higher at around $64,165 Tuesday morning.

Ethereum is trading about 4% higher at around $4,515 Tuesday morning.

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy 2021, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users.

Microstrategy shares were trading about 12.9% higher at $830.90 per share on Tuesday at the time of publication. The stock has a 52-week high of $1,315 and a 52-week low of $167.78.