Bitcoin Price Soars Past $97K as Capital Raise Speculation Fuels Market Surge

Bitcoin’s price surged past the $97,000 mark, reaching a new high amid heightened market activity driven by strategic investment decisions and institutional interest. Michael Saylor’s firm, Strategy, announced a $21 billion stock equity offering to significantly increase Bitcoin holdings, highlighting its growing influence in financial markets. This move coincided with growing institutional engagement, particularly from firms like Morgan Stanley, Charles Schwab, and Strategy themselves, which have fueled momentum in the cryptocurrency sector.