MicroStrategy and Bitcoin mining stocks have nearly tripled in recent days

As BTC prices continue to rebound, MicroStrategy, RIOT, MARA and other public companies holding Bitcoin have nearly tripled in price over the past three months.

MicroStrategy, which has accumulated a Bitcoin portfolio of over 105,000 BTC in its treasury, saw its share price hit a low of $474 on July 20, the same day as Bitcoin’s low, and has since risen 65% to trade at $781.

Since hitting a low of $23.86 on July 20, Riot Blockchain, a bitcoin mining company, has seen its price rise 66% and reached an intraday high of $39.94 on August 9.

Another company that focuses on Bitcoin mining and purchasing BTC through its treasury holdings is Marathon Digital Holdings (MARA). After hitting a low of $20.52 on July 20, MARA’s price rose 83% to an intraday high of $37.77 on August 6, becoming the best performing Bitcoin mining stock in the past two weeks.