Bitcoin approaches a historic high of $100,000, largely due to the market's optimistic expectations. Trump's support for cryptocurrencies is seen as the biggest driving force behind the cryptocurrency market boom, signaling that the U.S. will shift towards a more friendly regulatory policy for the crypto space.
According to reports, Trump's team has begun exploring the establishment of a position in the White House specifically responsible for digital asset policy, which would be the first of its kind in the United States and could maintain direct contact with the incoming president. These discussions follow the Trump Media Group's plans to acquire the crypto trading platform Bakkt and the launch of Bitcoin ETF options in the U.S., marking the latest boost in sentiments towards the digital asset market.
With the arrival of the institutional era, "Bitcoin whale" MicroStrategy announced today that it has raised $3 billion through the issuance of convertible senior notes for the continued purchase of Bitcoin. Since November, the company has raised $6.6 billion and purchased 78,000 Bitcoins. Currently, MicroStrategy holds approximately 1.67% of the circulating Bitcoin globally, with its digital asset reserves valued at up to $31 billion. Thanks to this strategy, the company's stock price has surged 750% year-to-date.