If Bitcoin can continue to push higher on BTC ETF speculation, keep an eye on stocks like MicroStrategy (MSTR). While MSTR is pricy at $329.11, it could see higher highs, as it continues to track and push higher with BTC. That’s because – as of April 5 – MSTR held about 140,000 BTC at an average price of $29,803 per coin.
Better, according to CryptoSlate.com, “With Bitcoin trading at $30,245 as of press time, the American company’s BTC holdings are now worth more than $4.2 billion, and it is sitting on over $30 million in unrealized profits from its investment.” If MSTR can break above resistance at $347.63, it could challenge $358.32 next. MSTR last traded at $329.11. Longer-term, we’d like to see MSTR run back to $500 a share.