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.

Bitcoin rose as MicroStrategy announced it plans to sell more of its shares to amass new funds and spend more on digital currency.

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.

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,