MicroStrategy, a company with a focus on Bitcoin (BTC), has become one of the most volatile and heavily traded stocks in the market. Despite its market capitalization being under $100 billion, its trading volume is comparable to that of the largest U.S. tech companies, known as the “magnificent seven.”

These tech giants, including Apple (AAPL), NVIDIA (NVDA), and Microsoft (MSFT), all have market caps exceeding $1 trillion, far greater than MicroStrategy’s valuation. However, recent data from Market Chameleon highlights that between December 2, 2024, and January 7, 2025, MicroStrategy averaged almost 24 million shares traded daily. This figure places MicroStrategy ahead of Microsoft, which trades about 20 million shares daily, and Meta (META) with 12.2 million. Only NVIDIA and Tesla (TSLA) saw higher daily volumes.

MicroStrategy’s stock has risen approximately 14% since the start of the year, with a 30-day implied volatility (IV) of 104. IV reflects the market’s expectation of future price movements, and MicroStrategy’s volatility significantly surpasses that of the iShares Bitcoin Trust (IBIT), which has an IV of about 60. In fact, MicroStrategy’s volatility is 1.7 times higher than IBIT’s.

As of January 7, 2025, MicroStrategy boasts the highest IV30 among the top seven tech stocks, with Tesla following as a close second at an IV of 71. This high implied volatility indicates strong market expectations regarding future price fluctuations, particularly linked to its substantial Bitcoin holdings.