Bitcoin’s price surged today after announcements from MicroStrategy and Metaplanet about plans to significantly increase their Bitcoin reserves in 2025. This rise puts Bitcoin on the verge of surpassing the $100,000 mark, a significant psychological threshold that has been elusive despite several attempts since December 19.
MicroStrategy plans to enhance its Bitcoin holdings by raising up to $2 billion through offerings of preferred stock. This move is part of their ongoing investment strategy to bolster its balance sheet and expand its cryptocurrency assets. Michael Saylor, MicroStrategy’s co-founder, hinted at additional Bitcoin purchases.
Simultaneously, Metaplanet, led by CEO Simon Gerovich, announced intentions to boost its Bitcoin holdings from 1,762 BTC to 10,000 BTC. Since starting its Bitcoin acquisition plan in April 2024, Metaplanet’s stock price has seen a significant rise of around 1000%.
Further fueling Bitcoin’s price increase, U.S. Bitcoin ETFs experienced substantial inflows of $908 million after recent weeks of notable outflows. The Fidelity Wise Origin Bitcoin Fund and BlackRock’s iShare Bitcoin Trust led these inflows with $357 million and $253 million, respectively.
Technically, Bitcoin faces resistance at the $100,000 level. However, a visible cup-and-handle pattern on the chart suggests a potential breakout that could soon push its price to $106,450. The relative strength index indicates the rally has room to continue without triggering an overbought condition.
