On December 26th, Sean McNulty, the trading director of liquidity provider Arbelos Markets, stated: “MicroStrategy announced that it will issue more stocks next year to buy more Bitcoin, which has pushed up the price of Bitcoin. The market has a forward-looking attitude towards MicroStrategy’s Bitcoin purchasing behavior, which is the biggest reason for the market’s rise.” According to the documents submitted to the US SEC on December 23rd, MicroStrategy is seeking to increase the authorized shares of Class A common stock and preferred stock. So far this year, Bitcoin has risen by 135%, surpassing the returns of traditional investments such as global stocks and gold. In addition, Bitcoin options with a nominal value of $13.95 billion and Ethereum options with a nominal value of $3.77 billion on Deribit will expire and settle on Friday. The platform’s open interest position exceeds $43 billion, reaching a historical high. McNulty added: “Market makers may unwind their hedges, which may lead to market volatility on Friday.”