Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-reaches-record-high-as-microstrategy-increases-bond-offering/" data-wpel-link="internal">Bitcoin Reaches Record High as MicroStrategy Increases Bond Offering</a><br></p>
<p style="text-align: justify">Bitcoin (BTC) reached an all-time high yesterday with the launch of IBIT BTC ETF options. At the time of writing, BTC remains near this record level. Demand for options is very high, with 75% of positions in call options. This indicates that professional traders expect further upward movement in options.</p> 
<h2 id="microstrategy-plans-more-bitcoin-purchases">MicroStrategy Plans More Bitcoin Purchases</h2> 
<p style="text-align: justify"><strong>MicroStrategy</strong> announced that it has increased its previously announced bond offering from $1.75 billion to $2.6 billion, with the closing date set for November 21. The company, which purchased $4.6 billion worth of BTC last week, plans to use a significant portion of the funds from the new bond issuance to buy more <strong>BTC</strong>. This large purchase around $88,000 last week created significant excitement in the markets.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-408493 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/MSTR-BTC-.png" alt="" width="1257" height="273"></p> 
<h2 id="historical-trends-favor-bitcoin-s-price-stability">Historical Trends Favor Bitcoin’s Price Stability</h2> 
<p style="text-align: justify">Although the news of the company’s purchases may cause temporary price dips, historical data shows that the points where MicroStrategy bought have often marked local bottoms, followed by significant gains. Therefore, the $88,000 mark could remain a local bottom for several months, potentially allowing BTC to reach six-figure targets before any price corrections occur.</p> 
<p>The post <a href="https://en.coin-turk.com/bitcoin-reaches-record-high-as-microstrategy-increases-bond-offering/" data-wpel-link="internal">Bitcoin Reaches Record High as MicroStrategy Increases Bond Offering</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin Reaches Record High as MicroStrategy Increases Bond Offering

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