MicroStrategy Takes Wall Street By Storm, Becomes Second-Most Traded Stock After Nvidia

Benzinga11:43

Bitcoin holdings company MicroStrategy Inc. ended Wednesday as Wall Street’s second-most traded stock, as its large acquisitions of the world’s leading cryptocurrency piqued the market’s interest.

What happened: MicroStrategy recorded volumes of $33.27 billion, trailing only artificial intelligence (AI) juggernaut Nvidia Corp., according to data from TradingView.

In fact, at one point, MicroStrategy bettered Nvidia’s trading volume.

The Michael Saylor-led firm surpassed all other members of the “Magnificent 7” group, including Elon Musk's Tesla Inc. and Apple Inc.

MicroStrategy accounted for nearly 64% of the trading activity of all Bitcoin-related equities on Wednesday. Additionally, funds tracking the daily performance of the MicroStrategy stock, like T-Rex 2X Long MSTR Daily Target ETF, logged higher volumes than spot Bitcoin ETFs.

Senior Bloomberg ETF Analyst Eric Balchunas stated that the $50 billion volume clocked by the "Bitcoin Industrial Complex" was the same as the average daily volume of the UK stock market.

Why It Matters: The spike in volumes comes amid MicroStrategy’s aggressive Bitcoin-buying strategy.

Earlier this week, the firm announced an acquisition of 51,780 Bitcoin for approximately $4.6 billion, one of its biggest purchases ever.

MicroStrategy currently holds 331,200 BTC, acquired at a total purchase price of approximately $16.5 billion, and worth over $31 billion at current market prices, according to bitcointreasuries.net.

Price Action: Shares of MicroStrategy spiked 10% to close at $473.83 on Wednesday. Year-to-date, the stock was up nearly 584%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Reglloyd
16:04
Reglloyd
Incredible !!! Well done Michael Saylor.

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Additionally, funds tracking the daily performance of the MicroStrategy stock, like <a href=\"https://laohu8.com/S/MSTU\">T-Rex 2X Long MSTR Daily Target ETF</a>, logged higher volumes than spot Bitcoin ETFs.</p><p style=\"text-align: start;\">Senior Bloomberg ETF Analyst Eric Balchunas stated that the $50 billion volume clocked by the &#34;Bitcoin Industrial Complex&#34; was the same as the average daily volume of the UK stock market.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f841c47644dfb86c966f792dfd76cd1f\" tg-width=\"420\" tg-height=\"493\"/></p><p style=\"text-align: start;\"><strong>Why It Matters</strong>: The spike in volumes comes amid MicroStrategy’s aggressive Bitcoin-buying strategy.</p><p style=\"text-align: start;\">Earlier this week, the firm announced an acquisition of 51,780 Bitcoin for approximately $4.6 billion, one of its biggest purchases ever. </p><p style=\"text-align: start;\">MicroStrategy currently holds 331,200 BTC, acquired at a total purchase price of approximately $16.5 billion, and worth over $31 billion at current market prices, according to bitcointreasuries.net.</p><p style=\"text-align: start;\"><strong>Price Action</strong>: Shares of MicroStrategy spiked 10% to close at $473.83 on Wednesday. Year-to-date, the stock was up nearly 584%.<br/></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Takes Wall Street By Storm, Becomes Second-Most Traded Stock After Nvidia</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicroStrategy Takes Wall Street By Storm, Becomes Second-Most Traded Stock After Nvidia\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-21 11:43 北京时间&nbsp;&nbsp;&nbsp;<strong>Benzinga</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin holdings company MicroStrategy Inc. ended Wednesday as Wall Street’s second-most traded stock, as its large acquisitions of the world’s leading cryptocurrency piqued the market’s interest.What...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTR","symbol_name":"MicroStrategy","start_time":0,"source_url":"","article_id":"1153438832","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153438832","pubTimestamp":1732160616,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Bitcoin holdings company $MicroStrategy Inc.(MSTR)$ ended Wednesday as Wall Street’s second-most traded stock, as its large acquisitions of the world’s leading cryptocurrency piqued the market’s inter","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSTR":"MicroStrategy","MSTU":"T-Rex 2X Long MSTR Daily Target ETF"},"translate_title":"MicroStrategy席卷华尔街，成为仅次于Nvidia的第二大交易量股票","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSTR":1.1,"MSTU":1.1},"content_text":"Bitcoin holdings company MicroStrategy Inc. ended Wednesday as Wall Street’s second-most traded stock, as its large acquisitions of the world’s leading cryptocurrency piqued the market’s interest.What happened: MicroStrategy recorded volumes of $33.27 billion, trailing only artificial intelligence (AI) juggernaut Nvidia Corp., according to data from TradingView.In fact, at one point, MicroStrategy bettered Nvidia’s trading volume.The Michael Saylor-led firm surpassed all other members of the “Magnificent 7” group, including Elon Musk's Tesla Inc. and Apple Inc.MicroStrategy accounted for nearly 64% of the trading activity of all Bitcoin-related equities on Wednesday. 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Year-to-date, the stock was up nearly 584%.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":373271723827440,"gmtCreate":1732176275674,"gmtModify":1732176279334,"author":{"id":"4189136748353782","authorId":"4189136748353782","name":"Reglloyd","avatar":"https://community-static.tradeup.com/news/71917acef5ce8717b38e7f29252bca57","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4189136748353782","authorIdStr":"4189136748353782"},"htmlText":"Incredible !!! Well done Michael Saylor.","listText":"Incredible !!! Well done Michael Saylor.","text":"Incredible !!! Well done Michael Saylor.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373271723827440","repostId":1153438832,"repostType":4,"repost":{"id":"1153438832","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1732160616,"share":"https://ttm.financial/m/news/1153438832?lang=&edition=fundamental","pubTime":"2024-11-21 11:43","market":"us","language":"en","title":"MicroStrategy Takes Wall Street By Storm, Becomes Second-Most Traded Stock After Nvidia","url":"https://stock-news.laohu8.com/highlight/detail?id=1153438832","media":"Benzinga","summary":"Bitcoin holdings company $MicroStrategy Inc.(MSTR)$ ended Wednesday as Wall Street’s second-most traded stock, as its large acquisitions of the world’s leading cryptocurrency piqued the market’s inter","content":"<html><head></head><body><p>Bitcoin holdings company <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy Inc.</a> ended Wednesday as Wall Street’s second-most traded stock, as its large acquisitions of the world’s leading cryptocurrency piqued the market’s interest.</p><p style=\"text-align: start;\"><strong>What happened</strong>: MicroStrategy recorded volumes of $33.27 billion, trailing only artificial intelligence (AI) juggernaut <a href=\"https://laohu8.com/S/NVDA\">Nvidia Corp.</a>, according to data from TradingView.</p><p style=\"text-align: start;\">In fact, at one point, MicroStrategy bettered Nvidia’s trading volume.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0fec38f0d882b124117e4c1a6844e7be\" tg-width=\"420\" tg-height=\"441\"/></p><p>The Michael Saylor-led firm surpassed all other members of the “Magnificent 7” group, including Elon Musk&#39;s Tesla Inc. and Apple Inc.</p><p style=\"text-align: start;\">MicroStrategy accounted for nearly 64% of the trading activity of all Bitcoin-related equities on Wednesday. Additionally, funds tracking the daily performance of the MicroStrategy stock, like <a href=\"https://laohu8.com/S/MSTU\">T-Rex 2X Long MSTR Daily Target ETF</a>, logged higher volumes than spot Bitcoin ETFs.</p><p style=\"text-align: start;\">Senior Bloomberg ETF Analyst Eric Balchunas stated that the $50 billion volume clocked by the &#34;Bitcoin Industrial Complex&#34; was the same as the average daily volume of the UK stock market.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f841c47644dfb86c966f792dfd76cd1f\" tg-width=\"420\" tg-height=\"493\"/></p><p style=\"text-align: start;\"><strong>Why It Matters</strong>: The spike in volumes comes amid MicroStrategy’s aggressive Bitcoin-buying strategy.</p><p style=\"text-align: start;\">Earlier this week, the firm announced an acquisition of 51,780 Bitcoin for approximately $4.6 billion, one of its biggest purchases ever. </p><p style=\"text-align: start;\">MicroStrategy currently holds 331,200 BTC, acquired at a total purchase price of approximately $16.5 billion, and worth over $31 billion at current market prices, according to bitcointreasuries.net.</p><p style=\"text-align: start;\"><strong>Price Action</strong>: Shares of MicroStrategy spiked 10% to close at $473.83 on Wednesday. Year-to-date, the stock was up nearly 584%.<br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MicroStrategy Takes Wall Street By Storm, Becomes Second-Most Traded Stock After Nvidia</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicroStrategy Takes Wall Street By Storm, Becomes Second-Most Traded Stock After Nvidia\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-11-21 11:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bitcoin holdings company <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy Inc.</a> ended Wednesday as Wall Street’s second-most traded stock, as its large acquisitions of the world’s leading cryptocurrency piqued the market’s interest.</p><p style=\"text-align: start;\"><strong>What happened</strong>: MicroStrategy recorded volumes of $33.27 billion, trailing only artificial intelligence (AI) juggernaut <a href=\"https://laohu8.com/S/NVDA\">Nvidia Corp.</a>, according to data from TradingView.</p><p style=\"text-align: start;\">In fact, at one point, MicroStrategy bettered Nvidia’s trading volume.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0fec38f0d882b124117e4c1a6844e7be\" tg-width=\"420\" tg-height=\"441\"/></p><p>The Michael Saylor-led firm surpassed all other members of the “Magnificent 7” group, including Elon Musk&#39;s Tesla Inc. and Apple Inc.</p><p style=\"text-align: start;\">MicroStrategy accounted for nearly 64% of the trading activity of all Bitcoin-related equities on Wednesday. Additionally, funds tracking the daily performance of the MicroStrategy stock, like <a href=\"https://laohu8.com/S/MSTU\">T-Rex 2X Long MSTR Daily Target ETF</a>, logged higher volumes than spot Bitcoin ETFs.</p><p style=\"text-align: start;\">Senior Bloomberg ETF Analyst Eric Balchunas stated that the $50 billion volume clocked by the &#34;Bitcoin Industrial Complex&#34; was the same as the average daily volume of the UK stock market.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f841c47644dfb86c966f792dfd76cd1f\" tg-width=\"420\" tg-height=\"493\"/></p><p style=\"text-align: start;\"><strong>Why It Matters</strong>: The spike in volumes comes amid MicroStrategy’s aggressive Bitcoin-buying strategy.</p><p style=\"text-align: start;\">Earlier this week, the firm announced an acquisition of 51,780 Bitcoin for approximately $4.6 billion, one of its biggest purchases ever. </p><p style=\"text-align: start;\">MicroStrategy currently holds 331,200 BTC, acquired at a total purchase price of approximately $16.5 billion, and worth over $31 billion at current market prices, according to bitcointreasuries.net.</p><p style=\"text-align: start;\"><strong>Price Action</strong>: Shares of MicroStrategy spiked 10% to close at $473.83 on Wednesday. Year-to-date, the stock was up nearly 584%.<br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy","MSTU":"T-Rex 2X Long MSTR Daily Target ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153438832","content_text":"Bitcoin holdings company MicroStrategy Inc. ended Wednesday as Wall Street’s second-most traded stock, as its large acquisitions of the world’s leading cryptocurrency piqued the market’s interest.What happened: MicroStrategy recorded volumes of $33.27 billion, trailing only artificial intelligence (AI) juggernaut Nvidia Corp., according to data from TradingView.In fact, at one point, MicroStrategy bettered Nvidia’s trading volume.The Michael Saylor-led firm surpassed all other members of the “Magnificent 7” group, including Elon Musk's Tesla Inc. and Apple Inc.MicroStrategy accounted for nearly 64% of the trading activity of all Bitcoin-related equities on Wednesday. Additionally, funds tracking the daily performance of the MicroStrategy stock, like T-Rex 2X Long MSTR Daily Target ETF, logged higher volumes than spot Bitcoin ETFs.Senior Bloomberg ETF Analyst Eric Balchunas stated that the $50 billion volume clocked by the \"Bitcoin Industrial Complex\" was the same as the average daily volume of the UK stock market.Why It Matters: The spike in volumes comes amid MicroStrategy’s aggressive Bitcoin-buying strategy.Earlier this week, the firm announced an acquisition of 51,780 Bitcoin for approximately $4.6 billion, one of its biggest purchases ever. MicroStrategy currently holds 331,200 BTC, acquired at a total purchase price of approximately $16.5 billion, and worth over $31 billion at current market prices, according to bitcointreasuries.net.Price Action: Shares of MicroStrategy spiked 10% to close at $473.83 on Wednesday. Year-to-date, the stock was up nearly 584%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":5,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1153438832"}