According to Bloomberg, the price of Bitcoin rose on Thursday after digital asset "hoarder" MicroStrategy announced plans to split and issue more shares, a move that will allow it to buy more Bitcoins. “MicroStrategy’s announcement that it will issue more shares next year to buy more Bitcoin has pushed the price higher,” said Sean Mc Nulty, head of trading at liquidity provider Arbelos Markets. "The market is full of expectations for MicroStrategy's purchase of Bitcoin, which is one of the biggest reasons for the market's rise. Following MicroStrategy's news has become an important part of my daily work." MicroStrategy is seeking approval to increase the number of authorized shares of Class A common stock and preferred stock, according to a Dec. 23 filing with the U.S. Securities and Exchange Commission (SEC). The move would provide greater financial support to the company, which has transformed from a software maker into an accumulator of Bitcoin.