MicroStrategy strikes again! This tech giant plans to issue more shares next year to buy more Bitcoin, driving up Bitcoin prices 📈. The market is optimistic about its forward-looking purchasing behavior, which has become a major driver of the recent market rise. According to documents submitted to the US SEC, MicroStrategy is seeking to increase the authorized number of Class A common stock and preferred stock.
This year, Bitcoin has risen 135%, outperforming traditional investments like global stocks and gold. Meanwhile, $13.95 billion worth of Bitcoin options and $3.77 billion worth of Ethereum options on Deribit are set to expire, with open interest hitting new highs, potentially triggering market volatility 🌊.