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MSTR marked a new all-time high in its price.
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MSTR stock had more trading volume than Apple, Google and Amazon, among others.
The Bitcoin (BTC) accumulation strategy of the American computer company, MicroStrategy, continues to have a positive impact on the company’s shares, MSTR.
Today, MSTR not only reached a new all-time high (something we are already accustomed to as it comes from several days in a row breaking records) but it surpassed historical stocks in trading volume such as Aaple (AAPL), Microsoft (MSFT), Amazon (AMZN), Meta (META) and Alphabet (GOOGL).
As seen in the following image, shared in X by the investor who identifies himself as HODL15capital, MSTR became the third most ‘traded’ stock of the day:
Stocks with the highest trading volume during the day. Source: HODL15capital.
MSTR price, as mentioned above and can be seen in the chart below, lived up to such an event and shot higher:
MSTR price so far in 2024. Source: TradingView.
Something that has sparked today’s momentum is a new advertisement What MicroStrategy has done regarding its bitcoiner strategy.
Today, the company revealed the issuance of 0% interest senior convertible notes for a total amount of $2.6 billion, expanded from the initially planned $1.75 billion.
These notes, which mature in December 2029, will be offered to qualified institutional buyers and certain international investors under specific regulations. The funds obtained will mainly be used for the purchase of bitcoin and other corporate purposes.
Obviously, Stock market investors are understanding the importance of BTC as a store of value. As CriptoNoticias has reported, MicroStrategy already accumulates more than 331,000 BTC.
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