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Bitcoin Rises 0.32% as MicroStrategy Plans New Share Issuance for Crypto Purchases

  • Bitcoin's price rose 0.32% to $98,747 after MicroStrategy announced plans to issue new shares for cryptocurrency purchases.
  • MicroStrategy aims to increase liquidity and fund additional Bitcoin acquisitions through the issuance of new shares.
  • MicroStrategy recently acquired $561 million worth of Bitcoin, making it a major Bitcoin holder with total purchases of $5.4 billion this month.
  • The announcement of MicroStrategy's plans has influenced Bitcoin's price increase and highlights the growing institutional adoption in the cryptocurrency market.

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