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At the beginning of 2025, Michael SaylorThe CEO and co-founder of MicroStrategy has revealed the main thing he is thinking about.
In Saylor's tweet books“Thinking about Bitcoin.” This is not surprising given that Saylor is a staunch advocate of Bitcoin, and under his leadership, MicroStrategy has become one of the major holders of Bitcoin.
The company has no intention of backing down, with plans to raise $2 billion in capital through IPOs of perpetual preferred stock in the first quarter of 2025.
According to a press release issued on January 3, Accurate strategy It wants to raise $2 billion through a perpetual preferred stock offering to buy more Bitcoin, expanding on the company's "21/21" plan.
The offering is separate from MicroStrategy's existing plan to raise $21 billion in equities and $21 billion in fixed income instruments, which it has implemented mainly in recent months to fund its bitcoin buying binge through bonds and convertible debt.
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As of December 30, MicroStrategy owned 446,400 Bitcoin, worth $43.9 billion. It purchased 257,250 Bitcoin in 2024 alone – the company's largest Bitcoin purchasing year to date.
Saylor's post also coincides with Bitcoin's price stabilizing around $98,000, anticipating the next major move.
Bitcoin price movement
Cryptocurrencies rose at the beginning of the year as optimism returned to the market. Bitcoin The increase began on December 31 from a low of $91,887 to a high of $98,969 on January 3, where it remained for a few days.
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At the time of writing, Bitcoin was trading at around $98,000, down slightly to $97,960. Bitcoin rose 4% weekly.
Both moving averages have stabilized, and the Relative Strength Index (RSI) is just above the halfway mark, indicating potential consolidation in the short term. Bitcoin can fluctuate between $100,000 and $90,000 for some time.
If investors push the price beyond $100,000, Bitcoin is expected to retest its all-time high of $108,353. Alternatively, a break and close below the $90,000 level would pave the way for a drop to the support at $85,000.
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