MicroStrategy crushed record trading volumes on Wednesday, ending the session 10.05% high and hitting a new all-time high of $474. The MSTR-linked ETFs have clocked huge trading volumes while single-handedly dominating the market activity in the Bitcoin industrial complex. Yesterday, MSTR was the second-most traded stock on Wall Street after Nvidia.
MicroStrategy’s MSTR is Ruling Wall Street. The Bitcoin Industrial Complex achieved a significant milestone, recording $50 billion in trading volume in a single day. This is equivalent to the average daily volume (ADV) of the entire UK stock market. MSTR led the surge with an impressive $32 billion in trading volume.
Meanwhile, the MicroStrategy spot ETFs, T-Rex 2X Long MSTR Daily Target ETF (MSTU) and Defiance’s 2X long ETF (MSTX), collectively accounted for $6 billion, surpassing the volume of all spot Bitcoin ETFs combined. Since the launch in mid-September this year, the MSTU share price has surged by a staggering 906% while the MSTX share price has surged by 743%.
At the same time, the MSTR stock price is up by 591% year-to-date. MSTR closed Wednesday as the second-most traded stock on Wall Street after NVDA, driven by heightened market interest following its recent Bitcoin acquisitions. Besides, it managed to beat all of the “Magnificent 7” group stocks including the likes of Apple (AAPL), and Tesla (TSLA).
