Analysis: News of MicroStrategy's plan to issue more stocks is driving up the price of Bitcoin

According to Bloomberg, Sean McNulty, head of trading at Arbelos Markets, said: "MicroStrategy's announcement that it will issue more stocks next year to buy more Bitcoin is driving up Bitcoin prices, and the market is optimistic about MicroStrategy's purchase of Bitcoin, which is the biggest and only reason for the market's rise. Following MicroStrategy's news has become an important part of my daily work According to MicroStrategy's filing with the SEC on December 23, the company is seeking to increase the authorized number of Class A common and preferred shares. In addition, some traders have warned that the market may experience volatility in the coming days due to a large number of open contracts for Bitcoin and Ethereum derivatives expiring soon. On Friday, Deribit, a derivatives exchange, will have $43 billion in open contracts expiring, including $13.95 billion in Bitcoin options and $3.77 billion in Ethereum options, reaching a historic high. McNulty said, "Market makers may unwind hedging and short Bitcoin, which could lead to increased market volatility on Friday