MicroStrategy May Have Become an Amplifier of Bitcoin Volatility

MicroStrategy shares have been fluctuating dramatically lately, and while Bitcoin has risen 135% year-to-date, MicroStrategy saw an impressive 142% rally this month alone, followed by a 37% drop in the next few days. Additionally, the high volatility is in Micro Strategy's valuation, and while Micro Strategy's bitcoin holdings are worth about $36.7 billion, MicroStrategy's current market capitalisation is more than $92 billion, meaning that MicroStrategy has effectively become an amplifier of bitcoin's volatility.