On December 26, news emerged that, according to Bloomberg, the price of Bitcoin rose after digital asset 'hoarder' MicroStrategy announced plans to split and issue more shares, a move that would allow it to purchase more Bitcoin. 'MicroStrategy announced it will issue more shares next year to buy more Bitcoin, which pushed the price up,' said Sean Mc Nulty, head of trading at liquidity provider Arbelos Markets. 'The market is eagerly anticipating MicroStrategy’s purchases of Bitcoin, which is one of the biggest reasons driving the market up. Keeping an eye on news from MicroStrategy has become an important part of my daily work.' According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on December 23, MicroStrategy is seeking approval to increase the number of authorized Class A common shares and preferred shares. This move will provide the company with greater funding support as it has transformed from a software manufacturer into a Bitcoin accumulator. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on December 23, MicroStrategy is seeking approval to increase the number of authorized Class A common shares and preferred shares. This move will provide the company with greater funding support as it has transformed from a software manufacturer into a Bitcoin accumulator.

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