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Chicago-based options trading firm Group One Trading disclosed in a Securities and Exchange Commission filing on Tuesday the ownership of nearly 1.3 million shares of MicroStrategy (MSTR), representing 13.5% of the company’s total stake. At MSTR’s current price of $188 per share, that’s worth about $237 million. MicroStrategy stock has rallied 30% so far this year, after falling more than 70% last year as Bitcoin plunged. MicroStrategy is one of the largest holders of Bitcoin, with about 132,500 Bitcoins held by the company as of Dec. 28.
Bitcoin is up 1.35% over the last 24 hours and rose to an intraday high of $17,512.24. Recently, the price has begun an uptrend and exceeded the 50-day moving average, which has been acting as significant resistance during the past few months. The next important target for the price is the 100-day moving average, which is located at approximately $17.9K. If Bitcoin moves beyond the aforementioned level, the BTC/USDT pair could pick up momentum and rally to $18,138.
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