As Bitcoin continues to soar, assets giving investors exposure to the digital coin are getting snapped up—and fast. Software company MicroStrategy (NASDAQ: MSTR), the largest Bitcoin corporate treasury reserve holder, is the most active stock being traded so far Wednesday.
Data from TradingView shows that the company’s equity is right now more popular than Nvidia or Tesla stock by its metric. The most actively traded stock metric multiplies a company’s volume of traded shares by its price.
Not only that, but MSTR hit a new all-time high price on Wednesday—as did the price of Bitcoin. MSTR rose as high as $499 on Wednesday and is currently priced at about $492 a pop, up 14% over the past day. Zooming out further, the stock has risen 124% over a 30-day period.
Bitcoin’s price today surged to a new all-time high of $94,891, according to CoinGecko. The cryptocurrency has surged off the back of Republican Donald Trump’s November 5 election win. The President-elect has
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Author: Mathew Di Salvo
