币界网报道：MicroStrategy (MSTR) is seeing its lowest 10-day realized volatility since first adding Bitcoin to its balance sheet in 2020, with implied volatility at 48.33%, near multi-year lows. The company recently purchased just 245 BTC, its smallest weekly acquisition since March, as capital flows shift toward smaller Bitcoin-holding firms like Canada's LQWD Technologies Corp. MSTR has not used its at-the-market equity offering program for four consecutive weeks, now trading at 1.83x its Bitcoin net asset value. While the firm benefited from being a high-volatility Bitcoin proxy, reduced price swings may diminish its appeal to traders. MicroStrategy is exploring alternative financing through perpetual preferred stock offerings (STRK, STRF) amid changing market dynamics.