Michael Saylor's 2025 Begins with "Thinking Bitcoin" as BTC Price Consolidates Around $98K

As 2025's start gets underway, Michael Saylor, executive chairman and co-founder of MicroStrategy, has revealed the key thing he's thinking of.

MicroStrategy, led by Bitcoin enthusiast Michael Saylor, is planning to raise $2 billion in capital through public offerings of perpetual preferred stock in the first quarter of 2025.

The capital will be used to purchase more Bitcoin, adding to the company's already substantial holdings.

As of Dec. 30, MicroStrategy owned 446,400 Bitcoin, valued at $43.9 billion. It purchased 257,250 Bitcoin in 2024 alone — the company’s largest Bitcoin buying year yet.

Bitcoin price consolidating around $98,000

Bitcoin price is consolidating around $98,000, waiting for the next big move as investors anticipate what 2025 will hold for the flagship cryptocurrency.

After starting the year strong with a surge from $91,887 on Dec. 31 to $98,969 on Jan. 3, Bitcoin remained in the same range for a few days before dropping slightly to $97,960 at the time of writing.

On the weekly chart, Bitcoin is up 4%. Both moving averages have flattened out, and the relative strength index (RSI) is just over the midway point, indicating a possible consolidation in the short term.

Bitcoin could 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 $90,000 would pave the way for a drop to the support at $85,000.