Bitcoin saw a slight rise on Thursday, trading at $98,747 , following MicroStrategy’s announcement of plans to sell more shares to fund additional Bitcoin acquisitions. The cryptocurrency reached an intraday high of $99,876.70.
Altcoins Show Modest Gains
Alongside Bitcoin, popular altcoins like Dogecoin, Ether, and Solana experienced minor upticks, with Solana rising by 0.2%. This follows a dip earlier in the week, signaling renewed investor confidence in the crypto market.
SEC Filing Details Share Expansion Plans
MicroStrategy’s December 23 filing with the U.S. Securities and Exchange Commission revealed plans to expand its share offerings. The proposal seeks to authorize more Class A common and preferred shares.
If approved, the company can issue additional shares to raise funds, which it plans to allocate toward bolstering its already significant Bitcoin holdings.
What’s Next for Bitcoin?
MicroStrategy’s unwavering commitment to Bitcoin could further fuel bullish sentiment across the crypto market. This move, paired with growing institutional interest, sets the stage for potential upward momentum.
