Odaily Planet Daily News - Sean McNulty, Director of Trading at liquidity provider Arbelos Markets, stated: "MicroStrategy announced that it will issue more shares next year to buy more Bitcoin, which has driven up the price of Bitcoin. The market has a forward-looking attitude towards MicroStrategy's Bitcoin purchases, which is the biggest reason for the market's rise." According to a filing submitted to the U.S. SEC on December 23, MicroStrategy is seeking to increase the authorized number of Class A common shares and preferred shares. Year to date, Bitcoin has risen 135%, surpassing the returns of traditional investments like global stocks and gold. Additionally, Bitcoin options with a nominal value of $13.95 billion and Ethereum options worth $3.77 billion on Deribit are set to expire on Friday, with the platform's open contract positions exceeding $43 billion, setting a new historical high. McNulty added: "Market makers may unwind their hedges, which could lead to market volatility on Friday." (Bloomberg)

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