According to CoinDesk, MicroStrategy (MSTR), a prominent bitcoin development company, is recognized for its significant volatility and trading activity in the equity market. Despite having a market capitalization of less than $100 billion, MicroStrategy's trading volume is comparable to that of the leading technology giants, often referred to as the 'magnificent seven.' These tech companies, including Apple (AAPL), NVIDIA (NVDA), and Microsoft (MSFT), boast market caps exceeding $1 trillion, with some surpassing $3 trillion.
Data from Market Chameleon indicates that from December 2, 2024, to January 7, 2025, MicroStrategy saw an average daily trading volume of nearly 24 million shares. This volume places MicroStrategy sixth among the tech giants, surpassing Microsoft, which averages 20 million shares daily, and META, with 12.2 million shares. NVIDIA leads in trading volume, followed by Tesla (TSLA).
Year-to-date, MicroStrategy's stock has risen approximately 14%, with a 30-day implied volatility (IV) of 104. Implied volatility reflects the market's forecast of future price fluctuations over the next 30 days. This IV is derived from options pricing, and when compared to iShares Bitcoin Trust (IBIT), which has an IV of around 60, MicroStrategy is 1.7 times more volatile. As of January 7, MicroStrategy holds the highest 30-day implied volatility (IV30) of 105 among the 'magnificent seven,' with Tesla being the closest competitor with an IV30 of 71.0, as reported by Market Chameleon.