MicroStrategy is a Virginia-based enterprise software company whose transaction volume has surpassed that of e-commerce giant Amazon.
According to Bloomberg senior ETF analyst Eric Balchunas, MicroStrategy’s trading volume soared to $8 billion, surpassing Amazon for the first time.
The surge has been attributed to overall enthusiasm for Bitcoin-related assets, with daily trading volume now exceeding $20 billion.
MicroStrategy’s Latest Initiatives
Earlier today, MicroStrategy announced the issuance price of its 0.875% convertible senior notes due 2031 at $525 million, up from the $500 million initially planned.
This strategic financial strategy is part of the company’s broader commitment to investing in Bitcoin.
According to foreign media reports, the company recently purchased an additional 12,000 Bitcoins for $821.7 million, primarily funded through the sale of convertible notes.
This latest purchase brings MicroStrategy’s total Bitcoin holdings to approximately 205,000 tokens.
Crypto market volatility
Despite increasing institutional adoption, the cryptocurrency market remains highly volatile.
Bitcoin price fell sharply to $65,848.20 earlier today, with MicroStrategy and other cryptocurrency-related stocks, including Coinbase, experiencing significant trading volatility.
MicroStrategy's stock price has surged since its move to Bitcoin, but the market's unpredictability is a cautionary tale for investors. #MicroStrategy #交易量
