Reported about 20 hours ago
Bitcoin reached a new all-time high for the second day in a row, partly due to MicroStrategy Inc. ramping up its cryptocurrency purchases. The company disclosed plans to increase its convertible senior notes sale by nearly 50% to $2.6 billion to fund more Bitcoin acquisitions. Following significant investments by MicroStrategy and other firms, projections suggest a potential total of $43 billion in new purchases by 2026. As Bitcoin's price surged amidst a positive market sentiment, the cryptocurrency seems poised for further growth driven by institutional interest and upcoming options trading.
Source: YAHOO