China-based SOS, which operates a US-based Bitcoin mine, plans to buy $50 million worth of Bitcoin.
Stocks news
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.
Trump’s administration could push DeFi from niche to mainstream, with crypto advocates eyeing potential pro-crypto policy shifts.