- 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.
Microstrategy's historical volume chart is quite the site, it traded more than Amazon yesterday w/ $8b. Outrageous activity relative to its history. The spillover effect from the spot bitcoin ETFs is underrated part of this. The equitized btc complex is doing >$20b/day in volume pic.twitter.com/GmbDZgsPL2— Eric Balchunas (@EricBalchunas) March 15, 2024
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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