MicroStrategy's trading volume has surged to 17.65% of Nvidia's in October, despite MicroStrategy's market cap being only 1.5% of Nvidia's. The stock price of MicroStrategy has increased over 240% this year, recently hitting $236—the highest level since the dotcom bubble. As MicroStrategy approaches a $50 billion market cap, its trading volume reached 30 million on October 11, compared to Nvidia’s 170 million. This is a notable increase from the previous bull market in 2021, where MicroStrategy only represented 8% of Nvidia’s volume. Coupled with a trading volume rise during price rallies, this points to potential speculative froth in the market. Since adopting Bitcoin as a treasury asset in August 2020, MicroStrategy has outperformed Nvidia significantly, with a growth of 1,800% versus Nvidia's 1,150%. As Bitcoin stabilizes in the mid $60,000 range, MicroStrategy's net asset value also continues to expand, indicating strong investor enthusiasm and market confidence.

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