Analysis: MicroStrategy may become an amplifier for Bitcoin volatility

Nov 29, 2024 13:16
Odaily Planet Daily News: MicroStrategy's stock price has been fluctuating sharply recently. Although Bitcoin has risen 135% so far this year, MicroStrategy has experienced an impressive 142% rebound this month, followed by a 37% decline in the following days. In addition, high volatility is reflected in MicroStrategy's valuation. Although MicroStrategy's Bitcoin holdings are worth approximately $36.7 billion, its current market value exceeds $92 billion, indicating that MicroStrategy has effectively become an amplifier of Bitcoin volatility. (forbes)
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