Bitcoin's (BTC-USD) holiday momentum came to an abrupt halt just a day after its Christmas rally, even as bitcoin accumulator MicroStrategy (NASDAQ:MSTR) disclosed plans to issue additional shares to buy even more tokens. In Thursday morning trading ...

Discover how Michael Saylor's MicroStrategy is betting big with a 10 billion share increase to invest in Bitcoin. Dive into the risks and stakes.

Bitcoin rose on Thursday after the digital asset’s stockpiler MicroStrategy announced a plan to issue more shares, a move that would allow it to buy even more tokens.

The company, the largest corporate holder of the cryptocurrency, continued a string of weekly purchases that began in early November.

Bitcoin declined even with cryptocurrency stockpiler MicroStrategy Inc. planing to issue more shares, a move that would allow it to buy even more tokens. The digital asset was down around 3% at $95,420 as of 7:12 a.

Bitcoin rose as MicroStrategy announced it plans to sell more of its shares to amass new funds and spend more on digital currency. According to a recent Bloomberg report, the world’s largest cryptocurrency was up 0.

MicroStrategy Incorporated (NASDAQ:MSTR) is asking shareholders to approve an increase in its authorized shares of class A common stock and preferred stock in order to raise funds to buy more bitcoin,