🚀 MicroStrategy's Bitcoin investment far exceeds that of tech giants, with trading volume crushing Apple, Amazon, and Meta
Once a business intelligence company, MicroStrategy has now transformed into a major Bitcoin player, and their trading volume actually surpasses the combined total of Apple, Amazon, and Meta!
On November 19, 2024, MicroStrategy's trading volume reached an astonishing $21.8 billion, with its market value skyrocketing by 237% since August, far exceeding Bitcoin's 61% increase during the same period.
According to data from HODL15Capita's X post, as of yesterday, MicroStrategy's 24-hour trading volume ranked third, following Nvidia and Tesla, nearly three times that of Apple!
Some analysts attribute this to the launch of the 2x leveraged MicroStrategy ETF in early August, which manages approximately $3.8 billion in assets and has brought over $7.7 billion in leverage effect to MSTR stock.
Since 2020, MicroStrategy has turned its attention to BTC as a means to hedge against macroeconomic instability. They not only buy for themselves but have also encouraged other companies, such as Japan's Metaplanet, to follow suit. Recently, they purchased 51,780 BTC for $4.6 billion, bringing their total Bitcoin holdings to over 331,200!
Observers have also noted that whenever MicroStrategy buys Bitcoin, the price volatility of Bitcoin tends to increase. Additionally, MicroStrategy's Executive Chairman Michael Saylor revealed during a recent X live broadcast that he has been invited to briefly report to the Microsoft board on investing in Bitcoin.
Conclusion:
MicroStrategy's transformation and Bitcoin investment strategy have not only made it a major Bitcoin player in the business world but also demonstrated that the surge in trading volume and market value reflects a positive market response to this strategy.
Furthermore, Michael Saylor's invitation to report on Bitcoin investment matters to the Microsoft board may indicate a growing interest in cryptocurrencies among large tech companies.
This move not only shows an increased acceptance of Bitcoin as an asset class but could also mean that traditional internet companies like Microsoft will consider incorporating Bitcoin into their financial management or exploring the potential of blockchain technology in their businesses.
