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Michael Saylor’s MicroStrategy (MSTR) is the most traded stock in the United States today, surpassing $18.6B in trading activity today. It is currently besting Elon Musk’s Tesla (TSLA) and chip developer Nvidia (NVDA) in activity today. No stock has bested either NVDA or TSLA in daily trading for some time. However, MicroStrategy’s recent moves on Bitcoin are igniting a fire under investors Wednesday. JUST IN: Michael Saylor's MicroStrategy $MSTR is the most traded stock in the US today. — Watcher.Guru (@WatcherGuru) November 20, 2024 In a press release issued today, MicroStrategy announced an offering of convertible senior notes. Indeed, the move continues the same process the company has used to grow its Bitcoin holdings. To this point, it has paid dividends, with the company’s stock surging amid its ongoing accumulation of the leading crypto. MicroStrategy has had a huge November, as has the company’s stock. Michael Saylor’s company set a new personal record this morning, reach

The Bitcoin price surged 8% in the last 24 hours to trade at $88,556 as of 04:36 a.m. EST on trading volume that skyrocketed 87% to $146 billion. Bitcoin’s market capitalization surpassed that of silver to reach $1.74 trillion, making it the world’s eighth-largest asset.  🚨 BREAKING 🚨 BITCOIN HAS FLIPPED SILVER IN MARKET CAP, AND NOW RANKING AS #8 LARGEST ASSEST IN THE WORLD 🔥🚀 pic.twitter.com/gI7ijJCt31 — TheLordofEntry (@thelordofentry) November 11, 2024 The BTC pump comes after Donald Trump’s landslide election win last week and news yesterday that MicroStrategy had bought another 27,200 BTC for about $2.03 billion. The firm now holds 279,420 BTC. Bitcoin Price Aims For A Continued Surge The Bitcoin price has been on a parabolic rise in November, as the bulls capitalized on the $69,000 support level to push the price further above, according to data from GeckoTerminal . The 50-day Simple Moving Average (SMA) (white line) is at $76,248, and the 200-day SMA (yellow lin

Norway’s $1.7 trillion sovereign wealth fund (NBIM) has increased its indirect exposure to Bitcoin (BTC) to 2,446 coins by investing in crypto companies such as Coinbase, Marathon Digital and MicroStrategy. NBIM’s indirect exposure has risen from 938 BTC at the end of December to 2,446 BTC. This increase is the result of the NBIM upping its exposure to some of the biggest businesses in the Web3 space, according to Lunde. ”It perfectly illustrates how bitcoin is maturing as an asset and getting woven into any well-diversified portfolio,” said K33 Research analyst Vetle Lunde in an Aug. 14 post on X. NBIM Allocates More Capital To Marathon, Microstrategy And Block Inc. The fund’s exposure to MicroStrategy, which is currently under the leadership of Bitcoin advocate Michael Saylor, has risen from 0.67% to 0.89%. During the first half of the year, MicroStrategy also added 37,181 BTC to its reserves, which contributed to the NBIM’s indirect exposure to the leading crypto. The Norwe

MicroStrategy, a well-known business intelligence firm, has emerged as a significant player in the crypto sector. This is particularly due to its substantial investment in Bitcoin. Presently, MicroStrategy is enjoying an impressive unrealized profit of $2.65 billion from its Bitcoin holdings. This is a clear indication of the remarkable surge that has propelled the crypto currency’s value beyond $45,000. The company’s strategic entry into the realm of Bitcoin, led by its executive chairman Michael Saylor , has not only reinforced its status as the largest corporate holder of BTC but has also become a focal point for investors and market observers. JUST IN: Michael Saylor's MicroStrategy #Bitcoin investment is now at a $2,650,000,000 unrealized profit. — Watcher.Guru (@WatcherGuru) January 3, 2024 MicroStrategy’s Bitcoin Reserves MicroStrategy’s initial venture into Bitcoin has proven to be fruitful. It now holds a remarkable treasury of approximately 189,000 BTC, valued at

The company also booked a loss of $34 million on its first-ever Bitcoin sale last quarter but said it was conducted to harvest a tax loss. Software analytics company MicroStrategy recorded a paper loss of over a billion dollars on its Bitcoin (BTC) holdings in 2022 but says it has no plans to stop trading the digital asset. MicroStrategy released its 2022 Q4 and year-end earnings on Feb. 2 showing the recorded impairment charges on its BTC holdings, net of gains on sale, was nearly $1.3 billion over the full year 2022. Despite the paper losses, on a Feb. 2 earnings call MicroStrategy’s chief financial officer, Andrew Kang, said: “We may consider pursuing additional transactions that may take advantage of the volatility in Bitcoin prices, or other market dislocations that are consistent with our long-term Bitcoin strategy.” On the call, MicroStrategy co-founder Michael Saylor said the company measures its stock performance against “a number of different benchmarks” saying “the most im