Bitcoin Rises Following MicroStrategy's Share Issuance Plan

Reported about 23 hours ago

Bitcoin's value increased after MicroStrategy announced plans to issue more shares to fund additional Bitcoin purchases. The cryptocurrency reached $98,747, reflecting a 0.32% rise, as traders responded positively to the company's strategy aimed at bolstering its Bitcoin holdings. MicroStrategy's move comes after it purchased $561 million worth of Bitcoin recently, driving optimism in the market despite potential volatility due to expiring derivatives.

Source: YAHOO

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