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On November 21, as Bitcoin broke through $98,000 to set a new historical high, MicroStrategy's Bitcoin holdings exceeded a floating profit of $16 billion based on the current price of $98,318.7 per Bitcoin. Previous news reported that as of November 17, 2024, MicroStrategy held a total of 331,200 Bitcoins with a total purchase cost of about $16.5 billion and an average price of approximately $49,874 per Bitcoin.

Bitget news, Singaporean cryptocurrency investment firm QCP Capital announced that Bitcoin reached a new high of $97,900 this morning after rising last night. This surge was driven by optimistic sentiment in the cryptocurrency market, which has been amplified by headlines emphasizing Bitcoin's increasingly important position in the corporate world and continuous capital inflow into this asset. MicroStrategy is expected to raise $2.6 billion to purchase more Bitcoins; its stock price broke through a market value of $100 billion last night and topped the U.S trading volume list. Several corporate treasuries have followed MicroStrategy's lead and included Bitcoin in their reserves; reportedly, Acurx Pharmaceuticals has purchased up to $1 million worth of Bitcoin. With Trump's inauguration approaching, there has been a surge in purchases of bullish options for January next year. Bitcoin firmly held onto the $97,000 mark and is now closer than ever to the milestone of $100,000. This week we observed strong demand for March and June call options at our trading desk indicating investors' long-term bullish sentiment for next year. The spot ETF for Bitcoin extended its winning streak to three days with a total net inflow of 1.84 billion dollars during this period. The bitcoin ETF has been the biggest driver pushing funds into bitcoin this year with net inflows reaching 29 billion dollars from US ETFs alone . As global central banks continue to ease monetary policy, demand for bitcoin remains strong; we expect that before the end of the year ,the price will still be supported.