Michael Saylor's MicroStrategy Takes Wall Street By Storm, Becomes Second-Most Traded Stock After Nvidia

Benzinga 2024-11-22

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MicroStrategy emerged as Wall Street’s second-most traded stock on Wednesday, driven by its aggressive Bitcoin acquisition strategy. With volumes of over $30 billion, it trailed only Nvidia in trading activity, surpassing other major players like Tesla and Apple. MicroStrategy accounted for nearly two-thirds of all Bitcoin-related equity trading. The surge in trading volume followed the firm’s purchase of over 50,000 Bitcoin, bringing its total holdings to approximately $16 billion.

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