MicroStrategy recently finalized a $3 billion convertible notes offering, reinforcing its commitment to expanding its Bitcoin holdings.
The announcement coincides with Bitcoin reaching a new all-time high of $99,314. The funds will primarily be used to acquire more Bitcoin, adding to the company’s existing reserves of 331,200 BTC, valued at over $4.6 billion.
Analysts speculate this massive cash injection could propel Bitcoin’s price to $135,000 by the end of the year, driven by Saylor’s aggressive purchasing strategy.
MicroStrategy’s stock (MSTR) has seen volatile movement, initially dropping 16% after a 106% rally in November.
ETFs tied to MicroStrategy have also driven trading volumes, with leveraged ETFs seeing billions in activity, surpassing trading volumes of major tech stocks like Apple.
Meanwhile, institutional interest in Bitcoin continues to grow. BlackRock’s Bitcoin ETF (IBIT) recorded $5 billion in trading volume, its second-highest day ever, contributing to total inflows into spot Bitcoin ETFs exceeding $1 billion.
Swan, a Bitcoin-focused financial firm, has issued a striking market update suggesting that the current BTC cycle isn’t just another repeat of the past—it might be the last of its kind.
In a bold move to reshape the future of ApeCoin, Yuga Labs has introduced a proposal that would dissolve the existing ApeCoin DAO and replace it with a streamlined management body called ApeCo.
Ross Ulbricht, founder of the infamous Silk Road marketplace, is back in the headlines after receiving a mysterious transfer of 300 BTC—valued at roughly $31 million.
Bitcoin could be heading for a notable dip if it fails to stay above a key price zone, according to market watcher DonAlt.