MSTR is trading at $135.86, up 9.03% as Bitcoin's surge to $68,874.93 fuels significant gains in the company's massive cryptocurrency treasury.
- Bitcoin’s 7.2% jump since yesterday's close directly benefits MicroStrategy's leveraged position of 713,502 BTC.
- Heavy short interest, representing 14% of market cap, is creating a short squeeze as bearish traders are forced to buy back shares to cover positions.
- As the most-shorted stock with a market cap over $25 billion, the forced covering is significantly amplifying upward price momentum.