Why MicroStrategy, Marathon Patent Group, and Riot Blockchain Stocks All Popped Today

Jon Quast, The Motley Fool
·4-min read
Why MicroStrategy, Marathon Patent Group, and Riot Blockchain Stocks All Popped Today

Technology company MicroStrategy (NASDAQ: MSTR) holds thousands of bitcoin tokens on its balance sheet (and is still buying more), which is why its stock was up. As of 3 p.m. EST on Friday, MicroStrategy stock was up 10%, Marathon was up 6%, and Riot Blockchain was up 8%. According to cryptocurrency news site CoinDesk, the price of bitcoin had gone up 3% over the last 24 hours.