MicroStrategy soared 10% to become the top US stock trading volume champion! Announced another $2.6 billion bond issuance to increase Bitcoin position

Bitcoin officially broke through the $94,500 mark at 10:00 PM last night. Although it experienced some fluctuations for a few hours and fell back to $93,000, it rose again to a new high of $94,950 shortly before 9:30 AM.

MicroStrategy continues to issue bonds to purchase Bitcoin

At the same time, MicroStrategy, the leading Bitcoin holder among US-listed companies, also issued an announcement yesterday, stating that MicroStrategy plans to issue a total of $2.6 billion in convertible bonds and use the proceeds to continue increasing its Bitcoin holdings:

MicroStrategy expects to raise $2.58 billion through this convertible bond issuance, and the company plans to use these funds to increase its Bitcoin holdings and for general corporate purposes.

According to MicroStrategy's announcement, the key information about these convertible bonds is:

• Offered to qualified institutional buyers
• The convertible bonds are unsecured senior notes, expected to mature on December 1, 2029
• The convertible bonds can be converted into cash, MicroStrategy Class A common stock, or a combination of cash and stock, according to MicroStrategy's specifications

MicroStrategy stock price surges 10.05%, trading volume tops the market

Affected by MicroStrategy's announcement and the renewed rise in BTC price, MicroStrategy's stock price (MSTR) rose again after the US market opened, reaching a new high of over $475. It closed at $473.83, up 10.05%.

Additionally, according to a post by Bloomberg ETF analyst Eric Balchunas, MicroStrategy became the stock with the largest trading volume in the US on November 19, surpassing NVIDIA and Tesla, which is quite remarkable.

Wow, $MSTR is now the largest trading stock in the US... surpassing $TSLA and $NVDA. Crazy. It's been a long time since a stock has traded more than one of those two (actually maybe $GME was the last time). This is also double the volume of $SPY! Wild times..

This month, MicroStrategy has added to its Bitcoin holdings twice, with a total investment of $6.63 billion, which has driven the cryptocurrency's price to double within nearly a month, with a gain of 113%. Its market capitalization has now exceeded $96 billion. Although Bitcoin saw a celebratory rally after Trump's announcement of victory, it should have experienced a healthy correction according to various technical indicators. However, instead of a significant correction, Bitcoin has continued to rise, and the driving force behind this may be the support of MicroStrategy, the crazy Bitcoin bull.