Analysis: MicroStrategy may have become an amplifier of Bitcoin volatility
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2024-11-29 22:03:01 4,804
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Golden Finance reported that MicroStrategy’s stock price has been fluctuating violently recently. Although Bitcoin has risen 135% so far this year, MicroStrategy experienced an impressive 142% rebound this month and then fell 37% in the following days.
Additionally, there is high volatility in MicroStrategy’s valuation. Although MicroStrategy’s Bitcoin holdings are worth approximately $36.7 billion, MicroStrategy’s current market capitalization is over $92 billion, meaning that MicroStrategy has effectively become a Bitcoin volatility sexual amplifier. (forbes)