Analysis: MicroStrategy's stock issuance plan is difficult to stop Bitcoin's decline
2024-12-26 13:13:25
Despite hoarding bitcoin microstrategies plans offerings stocks able todesk3cryptocurrencydesktopCrypto News
Despite plans by MicroStrategy, which is hoarding bitcoin, to issue shares, thus enabling it to buy more bitcoin, bitcoin is still trading lower today, falling about 3% to $95,420. Some traders have warned that the market could become volatile in the coming day due to the massive expiration of unpositioned squaring positions in bitcoin and ether derivatives. A record $43 billion of unpositioned squaring contracts will expire on derivatives exchange Deribit on Friday, including $13.95 billion of bitcoin options and $3.77 billion of ether options. (Golden Ten)
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