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MicroStrategy’s Trading Volume Reaches $8B, Overpowering Amazon

Published 03/16/2024, 03:02 PM
Updated 03/16/2024, 03:15 PM
MicroStrategy’s Trading Volume Reaches $8B, Overpowering Amazon
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  • MicroStrategy’s trading volume reached $8 billion, overpowering e-commerce giant Amazon.
  • The volume surge aligns with the increasing interest in the Bitcoin-equitized sector.
  • The Bitcoin-equitized sector currently boasts about $20 billion in daily trading volume.

Michael Saylor’s MicroStrategy, known for its astounding Bitcoin portfolio, overpowered the e-commerce giant Amazon in trading volume. In a recent X post, Eric Balchunas, the Senior ETF Analyst at Bloomberg, revealed that MicroStrategy boasted a staggering trading volume of $8 billion yesterday, outstripping Amazon.

The surge in trading volume follows MicroStrategy’s recent announcement of the $525 million convertible debt offering at an interest rate of 0.875% per annum. MicroStrategy’s financial moves and its astounding accumulation of B…

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