In this article:MicroStrategy (MSTR) trading volume reached $118.6 billion today, overtaking Tesla and Nvidia as the most traded stock in the United States.

The company announced a new sale of convertible bonds to buy more bitcoins, and continues its strategy of getting the stock into the #bitcoin game. MicroStrategy's market value #rose from $110 billion to billions of dollars after the move to bitcoin, ing other companies to make the same move. #MicroStrategy (MSTR) stock just went out of style and is now the most traded stock in the United States. With a trading volume of 18.6 billion yen, it has actually surpassed #Tesla (TSLA) and Nvidia (NVDA), the two giants that own the trading platform. 2 This hasn't happened in a long time. Why now? Michael Seiler's obsession with bitcoin has investors in a frenzy. MicroStrategy has turned its stock into a bitcoin proxy, and the market is falling for it. just this morning, the company announced plans to sell convertible bonds - again. This is not news to MicroStrategy. It's their main fundraising play to raise money to buy more bitcoins. Every time they do this, their bitcoin stack goes up, their stock soars, and traders go public. Let's break it down. 10 and a half years ago, when MicroStrategy first entered the bitcoin market, it was worth $4 billion. Today, it's in a different league. The company's market value is now unrecognizable because Sailor decided to bet on bitcoin. His actions have resonated with other companies. the CEO of Rumble asked the audience of X (formerly Twitter) whether they should fund their balance with bitcoins. Of the 42,522 people who voted, almost 94% responded: Hell yeah. And guess who offered to help them do it. Yeah, the sailor himself. Public companies have joined the bitcoin club left and right. It's making MSTR trading furious. All of Bitcoin's fluctuations are amplified by MSTR. As Bitcoin rises, the MSTR will rise. If Bitcoin goes down, so does the MSTR. For day traders, it's a playground.

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