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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00:00It's Benzinga bringing Wall Street to Main Street.
00:02MicroStrategy emerged as Wall Street's second most traded stock on Wednesday,
00:06driven by its aggressive Bitcoin acquisition strategy. With volumes of over $30 billion,
00:11it trailed only Nvidia in trading activity, surpassing other major players like Tesla and
00:16Apple. MicroStrategy accounted for nearly two-thirds of all Bitcoin-related equity trading.
00:21The surge in trading volume followed by the firm's purchase of over $50,000 Bitcoin,
00:25bringing its total holdings to approximately $16 billion.
00:29For all things money, visit Benzinga.com slash GSTV.