Affected by the opening decline of the US stock market, Bitcoin fell to a low of $89,111 last night at 22:30, hitting a new low in nearly 2 months. However, perhaps the bears have reached their target price, and the US stock market has rebounded, Bitcoin immediately showed a strong rebound, reaching a high of $95,050 before the deadline, a surge of $6,000 overnight.

The trend of Ethereum is similar to that of Bitcoin, but the decline last night was more severe, once falling below $2,910, the lowest level of $3,000. As of the deadline, it is currently reported at $3,145.

MicroStrategy Adds More Positions

Last night, Michael Saylor, the founder of the listed company and the Bitcoin holding giant MicroStrategy, also posted on X again stating that MicroStrategy had added 2,530 Bitcoins with $243 million in funds during the period from January 6 to 12, 2025, at an average price of $95,972 per Bitcoin, which has increased MicroStrategy's total Bitcoin holdings to 450,000 Bitcoins.

MicroStrategy Still Has About $6.53 Billion in Shares Available for Issuance and Sale

We know that issuing and selling stocks to raise funds for Bitcoin purchases has become a basic operation for MicroStrategy. According to MicroStrategy's 8-K filing, the $243 million used for this Bitcoin purchase also came from the proceeds of issuing and selling stocks under its sales agreement.

It is worth mentioning that in the document, MicroStrategy also mentioned that as of now, it still has about $6.53 billion in stock available for issuance and sale. That is to say, according to MicroStrategy's continuous buying strategy, the proceeds from this part of the stock are most likely to continue to be used to add more Bitcoin. If calculated at a price of $100,000 per Bitcoin, this part of the funds can still be used to purchase about 65,300 more Bitcoins, which will also push MicroStrategy's Bitcoin holdings to officially exceed 500,000 Bitcoins.

Extended Reading: MicroStrategy to Issue $2 Billion in Preferred Stock in Q1 to "Add More Bitcoin"! Stock Price Jumps 13%

MicroStrategy Plans to Raise $42 Billion in the Next Three Years to Purchase Bitcoin

We know that at the end of last October, MicroStrategy also announced the launch of the "21/21 Plan", which is expected to raise $21 billion in equity financing and issue $21 billion in bonds under the leadership of Michael Saylor in the next three years, a total of $42 billion, to be used for the purchase of more Bitcoins.

At the same time, at the special shareholders' meeting held at the end of last December, MicroStrategy also proposed the following proposals:

1. Amend the company's charter to increase the authorized number of Class A common stock from 330 million to 10.33 billion shares
2. Increase the authorized number of preferred stock to 1.005 billion shares
3. Adjust the 2023 stock incentive plan to automatically grant equity awards to new board members
4. If the meeting does not have enough votes to pass the above proposals, allow the meeting to be postponed to solicit more proxy votes.

If this proposal is officially passed this year, it is expected to give another strong boost to the continued rise of Bitcoin.