MicroStrategy (MSTR) has cemented its position as one of the top 100 publicly traded companies in the U.S. market. Marketing itself as the “pioneer Bitcoin development company,” the company’s strategic financial ventures are yielding significant returns.
A recent report by CryptoCrypto revealed that MicroStrategy made an unprecedented acquisition of $4.6 billion in Bitcoin [BTC].
This acquisition coincided with the announcement of $1.75 billion in convertible notes, a number that surged to $2.6 billion within two days due to high demand.
This move not only led to a remarkable increase in the company’s stock value but also elevated MicroStrategy’s market capitalization above tech behemoths like Intel and Dell.
MicroStrategy Leads in Trading Activities
Interestingly, the repercussions of MicroStrategy’s bold actions extended beyond just stock price appreciation. Eric Balchunas, a senior ETF analyst at Bloomberg, pointed out on X (formerly Twitter) that MSTR had become the most actively traded stock, outpacing trading activities in companies like Tesla and Nvidia.
In monetary terms, MSTR’s trading volumes even surpassed SPY, one of the largest exchange-traded funds globally.
A Groundbreaking Day for Bitcoin Markets
The ripple effect of MicroStrategy’s decisions also reverberated in the broader Bitcoin market. Balchunas highlighted that the Bitcoin Industrial Complex achieved a new milestone with $50 billion in trading volume.
This figure rivaled the average daily trading volume of the entire UK stock market. The analyst disclosed that MSTR alone contributed $32 billion to this volume.
Furthermore, MicroStrategy-linked ETFs like MSTU and MSTX added another $6 billion, surpassing the combined volume of all spot Bitcoin ETFs.
MSTR Approaching 400K BTC?
Meanwhile, the company’s trajectory indicates that its Bitcoin holdings could continue to rise. Nate Geraci, President of The ETF Store, emphasized the scarcity of Bitcoin’s overall supply and its distribution constraints.
He pointed out that approximately 20 million BTC have been mined out of the capped 21 million supply. Geraci also noted estimates suggesting that 4-5 million BTC are permanently lost, while over 1 million BTC are in the possession of Satoshi Nakamoto.
“MSTR heading towards 400k btc. Not a price forecast, but supply is limited,” he remarked.
MicroStrategy’s Bitcoin Reserves Surge
It is important to mention that at present, MicroStrategy’s Bitcoin holdings amount to $31.51 billion, stemming from 12 acquisitions made in 2024 alone, as per Saylor Tracker.
According to Yahoo Finance, at the close of the trading day, MSTR shares were valued at $473.83, marking a 10.05% increase, while post-market trading pushed the stock to $489.32, a further rise of 3.27%.
With its shares soaring by almost 650% since the beginning of the year, MicroStrategy’s strategic Bitcoin investments have seemingly propelled the company into an elite category of market frontrunners, highlighting the expanding impact of Bitcoin in traditional financial arenas.