Odaily Planet Daily News: Sean McNulty, the trading director of liquidity provider Arbelos Markets, said: "MicroStrategy announced that it will issue more stocks next year to purchase more Bitcoin, which has pushed up the price of Bitcoin. The market holds a forward-looking attitude towards MicroStrategy's Bitcoin buying behavior, which is the biggest reason for the market's rise
According to a document submitted to the US SEC on December 23, MicroStrategy is seeking to increase the authorized number of Class A common and preferred shares.
So far this year, Bitcoin has risen by 135%, surpassing the returns of traditional investments such as global stocks and gold.
In addition, $13.95 billion worth of Bitcoin options and $3.77 billion worth of Ethereum options on Deribit will expire and be delivered on Friday, with the platform's open contract positions exceeding $43 billion, reaching a historic high. McNulty added, "Market makers may unwind hedging and short Bitcoin, which could lead to market volatility on Friday