Recent developments in the crypto world have garnered significant attention. Options trading in Bitcoin ETFs reached record highs, as companies show growing interest in Bitcoin as an investment vehicle.
Bitcoin ETF Options Trading
The launch of options trading on BlackRock's iShares Bitcoin Trust resulted in nearly $1.9 billion in contractual exposure. A total of 354,000 contracts were traded, with 289,000 being call options and 65,000 being put options. This event pushed Bitcoin to a record price of $93,900 during the day; expert Dennis Dick suggested these options could reduce Bitcoin's volatility.
Saylor to Pitch Bitcoin Investment to Microsoft
Michael Saylor will propose Bitcoin investment to Microsoft's board. The unexpected proposal from an activist shareholder allowed Michael the opportunity to address the board. Saylor highlights Bitcoin's potential for diversifying and strengthening Microsoft's portfolio, particularly citing MicroStrategy's gains from Bitcoin investments.
Rumble's Interest in Bitcoin
Rumble is considering adding Bitcoin to its balance sheet. Founder Chris Pavlovski initiated a poll, where the majority supported the idea. Rumble's shares rose following the news. If the company decides to pursue this route, it will join others like Genius Group and Metaplanet, which are already increasing their Bitcoin holdings.
These events highlight how various companies are recognizing Bitcoin's potential. Reflecting growing interest, the market continues to evolve with new offerings in trading and financial instruments.
