Bitcoin saw a slight increase on Thursday after MicroStrategy, a well-known corporate Bitcoin accumulator, announced plans to issue additional shares. This move, aimed at securing funds to purchase even more Bitcoin, has caused excitement among investors.
As of 11:30 a.m., Bitcoin was trading at $98,747 in Singapore, up 0.32% from the previous day. It briefly hit an intraday high of $99,876.70. A broader cryptocurrency index that includes popular tokens such as Ether, Solana and Dogecoin rose 0.2%, recovering from midweek losses.
“The announcement that MicroStrategy will issue more shares to buy Bitcoin next year is driving prices higher,” said Sean McNulty, director of trading at Arbelos Markets.
“The market is responding to the company’s aggressive strategy and MicroStrategy’s news is now a key market driver.” MicroStrategy recently filed with the US Securities and Exchange…
