‘Thinking Bitcoin’: Michael Saylor Speaks as BTC Maintains $98,000 Price

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As the year 2025 begins, Michael Saylor, the executive chairman and co-founder of MicroStrategy, has shared his primary focus for this new start.

In a tweet, Saylor expressed his thoughts on Bitcoin, a fact that’s not surprising given his strong support for the cryptocurrency and MicroStrategy’s significant role as one of its key corporate investors under his leadership. The company has no signs of slowing down, aiming to secure $2 billion in capital through public offerings of perpetual preferred stock by the first quarter of 2025.

Thinking about Bitcoin.

— Michael Saylor⚡️ (@saylor) January 4, 2025

As stated in a press release dated January 3rd, MicroStrategy aims to collect $2 billion by offering perpetual preferred stocks. The funds raised will be used to acquire additional Bitcoins, furthering their “21/21” strategy.

As a researcher, I’d like to clarify that the proposed offering is distinct from MicroStrategy’s ongoing strategy to secure funding, primarily through raising $21 billion in equity and an equivalent amount in fixed-income instruments. These fundraising efforts, which have been predominantly undertaken over the past few months, are intended to finance their significant Bitcoin purchases via senior convertible bonds and debt.

Currently, MicroStrategy holds approximately 446,400 Bitcoins, which have a total value of around $43.9 billion. Remarkably, they acquired a record-breaking 257,250 Bitcoins in the year 2024, marking their most significant Bitcoin buying spree to date.

Saylor’s statement aligns with Bitcoin’s current stabilization near $98,000, suggesting a significant shift may be imminent.

Bitcoin price action

At the beginning of this year, cryptocurrencies experienced a surge as market enthusiasm resurfaced. Specifically, Bitcoin started gaining value from December 31st, rising from a low of approximately $91,887 to a peak of around $98,969 on January 3rd, where it stayed for several days.

Currently, when this text was penned, the value of Bitcoin was roughly $98,000, and it had dipped slightly to $97,960. Over the past week, Bitcoin has seen a 4% increase in price.

The moving averages appear to be leveling off, and the Relative Strength Index (RSI) is slightly above the middle, suggesting a potential period of stability in the near future. It’s possible that Bitcoin’s price might oscillate between $100,000 and $90,000 for an extended duration.

If Bitcoin’s price surpasses $100,000, experts predict it could reach its peak value again of approximately $108,353. On the other hand, if the price falls below $90,000 and closes there, we might see a downward trend towards the support level at around $85,000.

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2025-01-05 17:35