Can this week’s $13.6 billion Bitcoin options expiry trigger a BTC price rally to $100,000 and beyond?
Stocks news
China-based SOS, which operates a US-based Bitcoin mine, plans to buy $50 million worth of Bitcoin.
On the yearly chart, Bitcoin rose 146% while MicroStrategy gained over 599% as more retail investment increased MicroStrategy’s volatility compared to BTC.
The $3 billion offering of 0% convertible senior notes is part of MicroStrategy’s plans to raise $42 billion over the next three years — primarily to buy more Bitcoin.
MicroStrategy saw more trading volumes than the US spot Bitcoin ETFs combined as its shares tanked over 25% on Nov. 21.
MicroStrategy stock has soared 94% in 2024, fueled by Bitcoin’s rally above $97,000, with $15 billion in unrealized gains.
BlackRock’s IBIT BTC options launch was a success, but how realistic are traders’ high six-figure Bitcoin price expectations?
Analysts expect MSTR stock to pump to as high as $450 as Bitcoin’s price continues to rise.
Genius Group has plans for a podcast to help other firms considering Bitcoin as a treasury reserve asset after they found there was no clear blueprint for the process.
Bitcoin bulls have sealed BTC price all-time highs in US dollar terms but have yet to match macro asset records from 2021.