MicroStrategy, a company known for its large Bitcoin (BTC) holdings, has emerged as one of the most actively traded and volatile stocks in the market. Despite its market capitalization being under $100 billion, its daily trading volume now competes with the largest tech giants, known as the “magnificent seven.”
These giants, including Apple (AAPL), NVIDIA (NVDA), and Microsoft (MSFT), each have a market cap exceeding $1 trillion, far outpacing MicroStrategy’s size. Yet, between December 2, 2024, and January 7, 2025, MicroStrategy saw an impressive 24 million shares traded on average every day. This places it above Microsoft, which averages 20 million shares daily, and Meta (META), with 12.2 million shares. NVIDIA and Tesla (TSLA) remain the only companies surpassing MicroStrategy’s trading volume.
Over the course of the year, MicroStrategy’s stock has appreciated by around 14%, with its 30-day implied volatility (IV) currently sitting at 104. This figure suggests significant price fluctuations are expected. For comparison, the iShares Bitcoin Trust (IBIT) has a much lower IV of about 60, making MicroStrategy 1.7 times more volatile.
According to Market Chameleon data, as of January 7, 2025, MicroStrategy boasts the highest IV30 of any of the top seven tech stocks, surpassing even Tesla, which has an IV of 71. This elevated volatility level reflects the heightened market expectations surrounding MicroStrategy’s substantial Bitcoin portfolio and the broader crypto market’s influence on its stock price.
