Shares of crypto-related stocks, including MicroStrategy Incorporated (NASDAQ: MSTR) and Riot Blockchain Inc (NASDAQ: RIOT), rose on Friday afternoon amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Bitcoin was trading 2.5% higher at around $21,100 Friday afternoon.
Ethereum was trading 5.7% higher at around $1,270 Friday afternoon.
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MicroStrategy is a provider of enterprise analytics and mobility software.
MicroStrategy was trading higher by 3.6% to $211.95.
Riot Blockchain is focused on building, supporting and operating blockchain technologies.
Riot Blockchain was trading higher by 5.08% to $5.59.
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