MicroStrategy Ranks 10th in Trading Volume at $67.14 Billion Amid Legal Battles and Bitcoin Strategy Volatility

On May 22, 2025, MicroStrategy (MSTR) experienced a trading volume of $67.14 billion, ranking it 10th in the day's stock market activity. The stock declined by 0.80%, marking its second consecutive day of losses, with a total decrease of 4.19% over the past two days.

MicroStrategy Incorporated is currently embroiled in legal battles, with several class action lawsuits filed against the company and its officers. These legal actions stem from the company's Bitcoin strategy, which has resulted in a significant loss of $6 billion. The ongoing litigation has heightened investor anxiety, contributing to the recent decline in the stock's performance.

MicroStrategy's stock is often seen as a leveraged proxy for Bitcoin. The company's strategy of issuing equity and debt to invest in Bitcoin has made its stock behave like a call option on the cryptocurrency. This approach has amplified the volatility of MSTR's stock, making it highly sensitive to fluctuations in Bitcoin's price.

Despite the legal challenges, MicroStrategy recently announced a plan to sell up to $2.1 billion worth of its 10.00% Series A Perpetual Strife Preferred Stock. This move is aimed at raising capital to support the company's ongoing Bitcoin investments and strategic initiatives. The announcement led to a temporary rally in the stock, highlighting investors' interest in the company's long-term prospects.