Gerovich said that the company will double down on its pursuit. “Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin Treasury Company. This year, we’re laser-focused on execution and driving even greater value for our shareholders,” he said. Metaplanet presently holds a sizable 1,762 BTC, worth about $172 million.

The figure is impressive because the company started its Bitcoin purchase in May 2024. It made its biggest purchase in December, buying 620 BTC for $60 million, a figure that puts each token at $96,000. Although the 10,000 dream looks far-fetched, the company intends to leverage the same tools to raise funds as it did last year. It used several financial instruments like bonds, loans, and equity to finance the purchase, a move it will continue in 2025.

Metaplanet wants to push for Bitcoin adoption in Japan

According to Metaplanet, its goal is not to only acquire Bitcoin, it wants to put initiatives in place to boost the token’s adoption in Japan. With this, the company intends to leave a lasting impact on both the Bitcoin ecosystem and the country.

Although the company has yet to detail how it plans to achieve these goals, it is certain that Bitcoin is central to its plans. It is not surprising, considering the fact that Bitcoin has helped the company’s stock, pushing it to global recognition.

Metaplanet’s stock rose by 2,629% last year, thanks to its Bitcoin strategy. The stock ended the year as the best-performing, leading others by a margin. Its market cap also grew to $808 million, with the company touching its projected profits for the first time since 2017. The company is currently ranked among the top firms holding Bitcoin, with the trading volume of its stock growing 388 times year-on-year.

Institutional adoption pushes BTC growth

Metaplanet’s vision to acquire Bitcoin echoes the same sentiment shared by big corporations. Over the last few years, these corporations have acted as the forces behind Bitcoin’s growth, acquiring a vast amount of it. According to a JPMorgan analysis, Microstrategy was responsible for 28% of funds flowing into the crypto market, with all of it used to purchase Bitcoin.

Analysts pointed out that about $78 billion went into the crypto market, with the funds used to purchase Bitcoin, sent to crypto funds and crypto venture capital funds. “$22bn of bitcoin purchases by MicroStrategy and another $1bn of bitcoin purchases by bitcoin miners,” the report said. Microstrategy is looking for ways to raise more capital to purchase Bitcoin, pausing all plans of acquiring the digital asset.

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If Saylor’s idea of burning lost Bitcoin or destroying the private keys after death, would reduce the total Bitcoin supply. It is like the halving event, but this time, the BTC in the wallet is lost forever. Ultimately, the move means that the price of the token will increase, giving the market huge benefits.

Bitcoin scarcity helps its value

Bitcoin’s value is tied to its scarcity, as only 21 million BTC can ever be mined. Saylor’s idea will remove from the already scarce supply of BTC, driving its value into the sky. It means that burning it will be a pro-rata contribution to its holders globally.

According to BiTBO, about 19 million BTC are currently in supply, which represents 94% of the entire supply. As it stands, miners can only mine about one million Bitcoins, which could happen very soon seeing as about 450 Bitcoins are mined every day.

Michael Saylor has been practicing what he is preaching concerning Bitcoin, seeing as Microstrategy has become one of the corporations holding BTC. During the show, Saylor said he wants to be seen as the person who took the torch from Satoshi and commercialized it with firms and governments years after he is gone.

Microstrategy CEO’s comments generate criticism

Michael Saylor’s comments have drawn the ire of crypto users considering his influential status in the Bitcoin community. Most people feel like the act may be wasteful, given the present and potential price of the asset upon the holder’s death. The move is also against the financial inclusion that Bitcoin relies on.

Another concern raised was that it could disrupt the Bitcoin ecosystem if the whales adopt it. However, not all users are against it as most people feel it is a welcome development. A user noted that it could be likened to being passed a diamond, talking about the price of Bitcoin after a huge stash is burnt. Another user said it would be a good deal for long-term holders of the token.

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The post on X has become Saylor’s pattern for a while, with it looking like a way he updates his four million followers on Sundays. As usual, the post gathers comments from his followers, with most of them anticipating the company’s move the following day. The company’s recent purchase occurred on December 22, buying 5,200 BTC at $106,000 per token. It also represents its smallest purchase to date.

Microstrategy set to intensify its Bitcoin purchase efforts

According to a recent post by Saylor, the company intends to continue to purchase Bitcoin regardless of the price. It is now looking like a Bitcoin-leveraged bet, one that is tied to the overall health of Bitcoin. The company is also not slowing down, calling a meeting among investors to raise capital to buy more assets.

Microstrategy currently holds 444,262 BTC in its reserves, with a cumulative worth of about $41 billion. The company currently holds the highest number of assets by a single entity. In its recent meeting, Microstrategy made a 21/21 proposal to increase the number of shares to shareholders. Under the proposal, the firm will raise $42 billion, which will be used to purchase Bitcoin.

Saylor wants a crypto framework in the United States

Michael Saylor has been a voice for the crypto industry in the United States, proposing favorable regulations. The plan includes a national Bitcoin reserve, one which Saylor feels could help provide about $81 billion to offset the United States debt.

The Microstrategy boss also says Bitcoin could help the dollar maintain its position as a global reserve currency, with the assets market cap rising to $10 trillion in the future. He believes that Bitcoin’s growth could propel the demand for the US dollar, and stablecoins like USDT. Saylor also included a tax on assets, specifying exactly where the country should tax. Among the listed assets are digital assets, commodities, securities, and digital ABTs securing real-world commodities.

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The Bitwise proposal is coming at a time when Bitcoin just crossed $100k for the first time, putting up a 117% performance for the year. Bitcoin also hit a new all-time high in December, notching $108k at the beginning of the month. Public companies have also leveraged the opportunity, with companies like Microstrategy using the crypto wave to boost their stock.

Bitwise wants to focus on Bitcoin firms

ETF Store president Nate Geraci revealed that Bitwise had already filed for a Bitcoin Standard Corporation ETF for the proposal. He also noted that the BTC ETF adoption is spreading, with firms looking for new ways to adopt it. For the proposal, the firms of interest would need to hold about 1,000 BTC in their treasuries amid other financial thresholds including $100 million in market cap and liquidity.

The weighing formula is also targeted at the firm’s Bitcoin holding market value, which is capped at 25% per firm. In this case, companies like Microstrategy, who hold a higher Bitcoin balance will dominate ahead of Tesla, despite the latter being bigger compared to the former. Bitwise is not the only innovative player, with Vivek Ramaswamy-owned Strive also filing for a Bitcoin Bonds ETF.

The fund will focus on convertible bonds from firms dabbling in Bitcoin like Microstrategy. With public corporations now bullish on BTC, it is now becoming more than a speculative asset. Most firms are now purchasing the asset, with the move resulting in a big move for their stocks.

Bitcoin’s struggles in the market

Despite Bitcoin’s record-breaking year, its rally looks to have stalled a little bit. With the asset already above the $100k mark, it is now trading close to $96,000. The recent rally was made possible through Trump’s influence amid anticipation of a pro-crypto administration. With the appointment of several pro-crypto individuals in the financial sector, users are anticipating a big 2025.

The market is set for a choppy end of the year with more than $17.8 billion in BTC and ETH options set to expire on Deribit. Meanwhile, Microstrategy is expected to continue its Bitcoin accumulation heading into the new year. Despite this, Bitcoin could see red before the year ends, after posting its first monthly loss in four months. Investors are also taking profits, with the benchmark most set now being actualized.

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According to a report by Bloomberg, the leading cryptocurrency registered a 3% drop to hit $95, 000 around 12:07 in New York. Like Bitcoin, the bearish momentum affected other altcoins like Solana and Ethereum, with Dogecoin also seeing a 3%.

Bitcoin drops as the market anticipates a choppy friday

The company’s push to help Bitcoin sentiment is likely not over seeing that it is still actively pushing to purchase more portions of the asset. Arbelos Markets trading director Sean McNulty noted that the new optimism is a result of the Microstrategy Bitcoin purchase that will happen soon.

McNulty said the anticipation is the reason why the market is up now. “The market is being forward-looking about MicroStrategy’s Bitcoin buys, and that’s been the single biggest reason for the market to go up. Watching MicroStrategy news is becoming a big part of my day,” he said.

According to its filing with the Securities and Exchange Commission (SEC) on December 23, the company is attempting to increase the number of its authorized Class A common stock and preferred stock. If the SEC gives the go-ahead, Microstrategy will be allowed to issue more shares, which will enable the firm to raise more money. Once all that is done, the company can continue its Bitcoin purchase.

Microstrategy recently made a $561 Bitcoin purchase this week, buying the asset at an average close to its last week peak. The move signified its seventh consecutive Bitcoin bulk purchase. Bitcoin, on its part, has jumped 135% this year, outpacing conventional stock markets and precious metals.

However, the market is expected to be turbulent as about $13 billion worth of Bitcoin open interests are about to expire. Traders and experts have warned about the turbulence, as seen in previous years. McNulty predicted that the market could be choppy on Friday, noting that Market markers could unwind their hedge.

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While investors were reveling in the gains, Bitcoin was posting up a less-than-impressive number. Bitcoin is trading at $94,500, shedding off $14,000 from the all-time high figure it inched on December 17. Bitcoin champion Microstrategy has also struggled in recent weeks, with its shares dropping around 8.8%. This is not surprising, seeing that the company rides hard for Bitcoin.

Microstrategy’s fate hangs on its billions in Bitcoin

Despite the Monday performance, Microstrategy’s year has been nothing short of wonderful. The company’s stock has risen 462% over the course of the year, with Bitcoin the major ingredient to it being one of the hottest stocks in the United States. The company began its adoption in 2020 and has now pooled about $43 billion into the asset. The crypto obsession has also shot the firm’s valuation from a tiny $1 billion to a monster $82 billion.

Now, the thing is that Microstrategy’s value will remain high as long as Bitcoin continues its ascent. Monday was a typical example of that theory, with Microstrategy dropping as hard as Bitcoin. Bitcoin also moved close to its 50-day moving average, a development that has caused traders nightmare. Now, investors will be wary about making risky bets, a bracket where Bitcoin, the king of speculation, reigns supreme. Even with President-elect Donald Trump pushing his pro-crypto agenda, the market is still quite unmoved about it.

Donald Trump’s Bitcoin crusade could provide support

Donald Trump’s victory at the polls created a whirlwind effect for Bitcoin, pushing the asset higher into the heavens. Since the election period, Bitcoin has surged 40%, as the market anticipates Trump’s pro-crypto policies. So far, he has made several appointments to that effect, even appointing a pro-crypto White House AI and Crypto Czar in David Sacks.

Bitcoin ETFs have also been performing well since the election, seeing massive inflows. Over $12 billion was poured into the investment vehicle, but things are beginning to cool off. The product saw its biggest one-day outflow on December 19, signaling that investors are taking a break. Microstrategy, on its part, has no room for breaks, announcing a big $561 million Bitcoin purchase. This represents the firm’s seventh consecutive week of purchases.

Meanwhile, the wider market has been following Bitcoin’s trend. Ethereum and Dogecoin have posted remarkable gains this year, but they’re still mirroring Bitcoin’s performance. A slim trading volume could be a recipe for volatility in the United States, with markets set to close early today. With the Christmas break expected to happen tomorrow, the market could be put in the hands of smaller traders for stabilization.

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Talking about the recent price surge, he predicted that the buyer that caused it would be Saylor and his company. Most likely, we’ll find out tomorrow that Saylor was the buyer. That seems to be the trend—it’s happened the last five Mondays in a row,” he said. One can always credit him for being consistent in his allegations, noting in the past that Bitcoin investments drive funds away from the sectors that need them.

Microstrategy continues Bitcoin buying spree

Microstrategy began purchasing Bitcoin in July, buying 12,222 Bitcoin for over $800 million. The company bought it at a rate of $65,880, putting its entire cache at 226,500 BTC. The total cost of the entire cache was $8.3 billion at the time. While details about its purchases in August and September were a bit unclear, the company went all in in December.

On December 6, Microstrategy bought 21,550 Bitcoin, spending $2.1 billion to purchase the asset. The recent purchase makes it the fifth consecutive purchase on a Monday, putting Peter Schiff not far from the truth.

Microstrategy currently holds 423, 650 BTC, with the recent $100,000 asset price putting its entire cache at $46.5 billion. Saylor has also mentioned that the company is open to making more purchases, noting that it is ready to now buy the asset above $100,000. If the buying spree remains consistent, it won’t be long before the firm’s Bitcoin cache hits $50 billion.

Market reaction trails Microstrategy’s purchases

Microstrategy’s Bitcoin investment has always caused comments and arguments across the market. The comments are always intense, with most of them drawing parallels between Saylor’s buying habits and Bitcoin’s price performance. While people like Good Dad Bad Dad author Robert Kiyosaki have hailed the move, others like Peter Schiff have always shown concerns.

While Bitcoin is decentralized and lightly regulated, it is still a prime candidate for market manipulation. Common schemes like wash trading pump and dump, and spoofing have been done on a small scale with other assets, institutional actors may use Bitcoin as a target practice on a larger scale. With most people arguing that institutional adoption pushes Bitcoin’s legitimacy, others feel like it undermines its decentralized nature.

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In a recent interview, Saylor reignited his postulation about Bitcoin being a reserve asset. He said if the United States made the move, it would benefit the country greatly, noting that it would increase its overall control of the capital network. He wants the United States to acquire about 25% of the total Bitcoin supply. Saylor said the move would reduce gold’s appeal, forcing holders of the precious metal to dump them and buy Bitcoin.

Microstrategy CEO ranks Bitcoin ahead of gold

The Microstrategy CEO has always loved Bitcoin, drumming up the need for individuals and entities to purchase the asset. He highlighted that if the US adopts his strategy, it would propel Bitcoin to $100 trillion. In comparison, the current worth of Bitcoin is $2 trillion, making it a hard task to achieve. Despite the hard task, Saylor is still convinced that Bitcoin is better than gold, asking the US to sell its gold reserve and become the world reserve capital with Bitcoin.

Saylor’s thoughts are shared across the market, with Ark Invest CEO Cathie Wood saying that Bitcoin has a bright future before tipping it to hit $17 trillion soon. Federal Reserve Chair Jerome Powell has also keyed into the belief, calling Bitcoin a virtual gold.

Microstrategy, under Saylor, has become the largest holder of Bitcoin, owning about 402,000 BTC. The buying strategy has also paid off, with the company sitting on over $40 billion including unrealized profits.

Saylor’s latest statement will be a bold move for the United States. It also aligns with the growing acceptance of crypto among the elites and the ruling class in the country. In addition, incoming President Donald Trump is also pro-crypto, with several reports suggesting that he intends to form an advisory council that will look into exploring Bitcoin as a reserve asset.

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Bitcoin’s optimism is yet to wane, as more people are coming out to encourage investment in the asset. The asset recently touched a new all-time high of $94,000, with many believing that Trump’s victory set it on that path. With that, analysts are now making predictions centered around the asset hitting $100,000 to start the new year.

Before Trump’s win, Michael Saylor has been an avid follower of the asset. The Microstrategy CEO has often shared the vision of what the asset could become with the company’s investors. Since the company started dabbling in Bitcoin in 2020, its investors have earned an annual profit of 44% from the asset.

Robert Kiyosaki shows solidarity for Bitcoin

Taking to X, the author reiterated his support for Bitcoin, talking about his keen devotion to keep buying it. “Bitcoin over $88.000. I will keep buying more Bitcoin till it passes $100,000. Then I will stop,” his November 12 tweet read. Days later, he told his followers that Bitcoin could go on to hit $100,000 Saylor predicted.

Furthermore, he discussed investment in education and Bitcoin, comparing both endeavors. He said Bitcoin provides a way to financial freedom while highlighting the difference between both. “You buy.01 Bitcoin today…you are a millionaire tomorrow. Sure beats going $50,000 in debt for a student loan…studying for years just to earn a flimsy MBA. Get smarter…. buy Bitcoin today. I am,” he said.

Kiyosaki has been urging people to buy Bitcoin, even before the elections that Trump won. However, it was the election victory that gave Bitcoin its much-needed rally, rising from $68,000 to $90,000. The market sentiment also shows that the rally could be sustained, going by the promises of the president-elect towards the industry. If his promises are anything to go by, the asset could still hit higher ceilings in the coming months.

Saylor’s bold Bitcoin prediction and market sentiment

Saylor made a staggering prediction when Bitcoin was at $55,000, telling CNBC that the asset could hit as high as $3 million. He also argued that Bitcoin ETF outflows will only increase the demand for the product. Saylor added that he anticipates a big growth for Bitcoin, noting that the asset could go from 0.1% of the global wealth to 7% in the next 20 years.

In the same vein, Saylor’s MicroStrategy is up by 964% since August 2020, rivaling other giants in the market. Other firms behind it are Nvidia at 94%, and Bitcoin at 387%. Meanwhile, analysts are backing Ethereum to go all the way. According to crypto analyst Ali Martinez, Ethereum could rival Bitcoin’s rally, hitting $10,000 in the process.

The analyst clarified that altcoins are yet to have their season and it is usually not complete without an Ethereum surge. Similarly, Ripple boss Brad Garlinghouse is backing XRP. The CEO said the asset was performing well before the SEC lawsuit, hoping that a favorable verdict could propel the asset to the top again.

Bitcoin has hit many all-time highs on its way to the present one, with the market tying the rise to Trump. The asset’s dominance is still around the 60% mark. Also, the crypto market could be open to more favorable conditions if Trump removes capital gains on assets issued by United States companies as he promised during his campaign.

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Microstrategy CEO Michael Saylor was overjoyed at the victory of Republican candidate Donald Trump in the United States elections, taking to Twitter to show his happiness. Days later, the company’s stock rose, seeing an increase of 10%.

Microstrategy recoups $10 billion from its Bitcoin investment

Microstrategy’s Bitcoin investment profit is tied to the recent surge experienced by the leading digital asset. Bitcoin briefly crossed above $77,000 on Friday, setting a new all-high record before settling under that price tag. However, the asset has gathered upward momentum, seeing a 16% rise in the last seven days to trade at $79,355.

Many analysts have tied the recent pump in Bitcoin’s price to the election victory of Trump. Microstrategy CEO also believes this theory, calling Donald Trump the ‘Bitcoin president’ in one of his congratulatory posts after the election.

Ultimately, Microstrategy has signaled its intention to continue accumulating the asset. The company had laid down plans to acquire more Bitcoin regardless of the election result and price surge.

The company announced on October 30 that it was trying to secure $42 billion in new funding to purchase Bitcoin over the next three years. The company named it the ’21/21 plan’, revealing plans to offer equities to raise the first $21 billion while using fixed-income securities between 2025-2027 for the other $21 billion.

Michael Saylor said the company wants to create leverage by using the convertible bond market. He noted that soon, it will focus on the fixed-income market, which will include issuing shares to make it look like a swap.

The company intends to purchase enough Bitcoin over three years to get 106-110 Bitcoins per share. The company has achieved its goal of 118 Bitcoins per share this year.

In June, Microstrategy increased its convertible offering to $700 million and priced it to offer an annual yield of 2.25% to boost its Bitcoin reserves.

Michael Saylor makes bold Bitcoin prediction

Michael Saylor said on his X handle that many countries will look at the likelihood of using Bitcoin as a reserve asset. However, he feels Bitcoin holding might move slowly due to countries like Canada and the US taking a conservative approach.

Some analysts have also hinted at future legal tussles to discuss Bitcoin’s reserve assessment. Similarly, European countries are now benefiting from the MiCA regulation. The framework was built to provide digital assets with legal status. Norway has taken the lead in adopting the framework, but it is still considering coming up with additional regulations for financial stability.

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