According to U.Today, MicroStrategy co-founder Michael Saylor recently highlighted the remarkable performance of his company's stock on the X social media network. On Friday, MicroStrategy (MSTR) achieved a trading volume of $5.8 billion, surpassing major tech companies such as Amazon (AMNZ) and Alphabet (GOOGL), which recorded $5.5 billion and $2.4 billion, respectively.
The term 'Magnificent 7' refers to a group of elite tech companies considered the most dominant in the US stock market, a term popularized by CNBC host Jim Cramer. Leading this group in trading volume is Tesla (TSLA) with $43.5 billion, followed by Nvidia (NVDA) with $29 billion. Other top performers include Apple (AAPL), Microsoft (MSTF), and Meta (META).
MicroStrategy's achievement is particularly notable given its market capitalization of $47.48 billion. The company's stock has seen a significant rise, increasing by over 22% in the past month and surging by 242% on a year-to-date basis, outperforming Bitcoin itself. MicroStrategy is known as the largest corporate holder of Bitcoin, with holdings exceeding $17 billion. Saylor has previously suggested the possibility of transforming the company into a 'Bitcoin bank.'