MicroStrategy stock climbs as bitcoin stash value grows

MicroStrategy (MSTR +4.9%) stock price climbs as bitcoin (BTC-USD +6.4%) heads toward $62K, pushing up the value of the software company's bitcoin holdings to over $7B. As of Sept. 12, MicroStrategy (NASDAQ:MSTR) held ~114K bitcoin on its balance sheet, which was worth ~$5.1B as of Sept. 13. Of course, cryptocurrency is volatile, and bitcoin (BTC-USD) could just as easily decline. Marathon Digital (MARA +11.1%) held ~7,035 bitcoin (BTC-USD) as of Oct. 1, making its holdings worth ~$434M. As of Feb. 23, 2021, Square (SQ +0.6%) held ~4,709 bitcoins, making its stash worth ~$290M if the company's stash stayed about the same. Bitcoin miner Riot Blockchain (RIOT +7.5%) holds ~3,534 bitcoin (BTC-USD) as of Sept. 30, bringing its holdings' value to ~$218M. Over the past year, Marathon Digital and Riot Blockchain stock have exceeded the gains in bitcoin (BTC-USD), while MicroStrategy (MSTR) has tracked bitcoin and Square (NYSE:SQ) lags as seen