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MicroStrategy Inc. (NASDAQ:MSTR) is attracting hedge fund interest through its convertible notes offerings, as co-founder Michael Saylor continues his aggressive Bitcoin (CRYPTO: BTC) purchase strategy that has driven the company’s stock up more than 490% this year, as of Wednesday. What Happened: Calamos Advisors LLC, among other major hedge funds, has appeared as a key player in MicroStrategy’s $6 billion convertible note issuance this year, reported Bloomberg. These notes, created to finance

The hedging activity of options market makers may ensure BTC price stability amid risks from elevated funding rates

The world's largest cryptocurrency was last trading at $102,900 . Since Trump's win on Nov. 5, the price has surged around 45%, driven by a swathe of buying that has poured capital into U.S. bitcoin-backed exchange-traded funds. Bitcoin prices are buoyant with crypto adoption possibly reaching an inflection point in the US.

Cryptocurrency trading volumes hit record highs in November, exceeding $10 trillion across spot and derivatives markets for the first time, according to CCData.

Bitcoin hit the $100,000 milestone this week, marking a historic moment for the cryptocurrency.

On Tuesday, 10 December 2024, Microsoft’s shareholders will vote on a proposal to assess the potential benefits of investing in Bitcoin.

The cryptocurrency's break above the $100,000 milestone has felt inevitable since Donald Trump's election as the next U.S. president on a crypto-friendly platform. While it is just a number, it highlights how cryptos have carved out a place in modern financial markets. Some commentators joked that perhaps a sales pitch from children and grandchildren around the Thanksgiving table was enough to get it past $100,000 - after investors in recent weeks repeatedly flinched near that threshold - although the real action came from big investors and big flows into new bitcoin ETFs.