BREAKING
411d 2h ago

MicroStrategy’s Bold Move to Buy More Bitcoin Sparks Price Surge

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

On December 26th, reports from Bloomberg highlighted a significant uptick in **Bitcoin** prices, largely attributed to MicroStrategy’s recent announcements about its stock restructuring. The company is preparing to split its shares, which will facilitate the acquisition of additional **Bitcoin** holdings. Sean McNulty, the Trading Lead at Arbelos Markets, stated, “The enthusiasm surrounding MicroStrategy’s decision to expand its Bitcoin inventory is propelling market momentum.” This sentiment reflects a growing interest among investors, as the firm’s strategy to consistently amass Bitcoin has established it as a pivotal player in the crypto landscape.

In a regulatory filing with the U.S. **Securities and Exchange Commission (SEC)** submitted on December 23rd, MicroStrategy indicated its intention to enhance the authorized share count for both its Class A common and preferred stock. This strategic move not only reinforces the firm’s commitment to its **Bitcoin** investment strategy but also signifies a substantial shift from its origins as a software company to becoming a leading **Bitcoin accumulator** in the market.

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