Analysis: MicroStrategy may have become an amplifier of BTC volatility
According to Forbes, MicroStrategy's stock price has been fluctuating dramatically recently. Although Bitcoin has risen 135% so far this year, MicroStrategy saw an impressive rebound of 142% this month, followed by a 37% drop in the following days.
In addition, despite the high volatility in MicroStrategy's valuation and its Bitcoin holdings valued at about $36.7 billion, MicroStrategy's current market value exceeds $92 billion. This means that MicroStrategy has essentially become an amplifier of Bitcoin volatility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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