MicroStrategy once again increased its holdings of BTC, and Deribit's block options bet on the $150,000 target attracted attention

On December 9th, MicroStrategy founder Michael Saylor announced on social media that the company has increased its holdings of 21,550 bitcoins at an average price of about $98,783, with a total value of about $2.10 billion. According to media reports, MicroStrategy holds a total of 423,650 bitcoins, with a cumulative purchase cost of about $25.60 billion and an average purchase price of about $60,324.

 

On December 10th, Lin Chen, the head of Deribit's Asia-Pacific business, posted on the X platform that a BTC block option transaction occurred that day: a user paid a premium of $4.96 million to buy a bullish option with a strike price of $150,000 at the end of March 2025, involving 1451 BTC. The analysis pointed out that if the BTC price exceeds $158,000 at expiration, the transaction will be profitable.

 

In addition, 10x Research mentioned in its market analysis that since Trump's election, MicroStrategy has significantly increased its holdings of Bitcoin three times on November 25th (5.40 billion USD), December 2nd (1.50 billion USD), and December 8th (2.10 billion USD), totaling 17.60 billion USD. However, despite these large-scale purchases, they failed to significantly boost the price of BTC, indicating that there is a diversion of funds to higher beta cryptoassets in the market, as well as a corresponding scale of selling.

 

The firm purchase of MicroStrategy and the high bullish option trading of Deribit demonstrate the market's optimistic expectations for the long-term trend of Bitcoin, while also reflecting the current volatile sentiment and capital flow in the cryptocurrency market.