Bitcoin's $16 billion quarterly options settlement arrives with a 'call-heavy' book
Nearly $18 billion in bitcoin and ether options will expire on Friday, potentially reshaping dealer hedging flows and short-term volatility.
Bitcoin investor Michael Saylor's firm Strategy Inc. has purchased an additional 950 Bitcoin tokens, valued at approximately $76 million, following a three-week hiatus, according to a recent Securities and Exchange Commission filing. Strategy is also taking steps to increase its share price. The company, based in Virginia, has repurchased $174 million worth of its preferred stock, bringing its total Bitcoin holdings to 846,000 tokens worth $74 billion.
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