#CryptoReboundStrategy Bitcoin under watch As 2025 begins, Michael Sailor, CEO and co-founder of MicroStrategy, has revealed the main thing he’s thinking about.
In a tweet, Sailor wrote, “Thinking about Bitcoin.” This comes as no surprise given that Sailor is a staunch Bitcoin supporter, and under his leadership, MicroStrategy has become one of the largest corporate holders of Bitcoin. The company has no intention of backing down, with plans to raise $2 billion in capital through a public offering of perpetual preferred stock in the first quarter of 2025.
According to a press release on Jan. 3, MicroStrategy 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 equity and $21 billion in fixed income, which it has done primarily in recent months to fund its bitcoin purchases through convertible notes and debt.
As of December…Bitcoin Price Action
Cryptocurrencies have been rallying at the start of the year as optimism returns to the market. Bitcoin began its rally on December 31 from a low of $91,887 to a high of $98,969 on January 3, where it has held steady for a few days.
At the time of writing, Bitcoin is trading at $89
