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Bitcoin price is up today after MicroStrategy and Metaplanet announced plans to raise billions and increase their BTC reserves in 2025.
Bitcoin’s (BTC) price is on the brink of breaking above $100,000 for the first time since Dec. 11, after gaining 2.08% over the past 24 hours. Since breaking the six-figure milestone last month, Bitcoin has only closed six daily candles above $100,000.
Bitcoin 1-day chart. Source: Cointelegraph/TradingView
MicroStrategy, Metaplanet to expand BTC stash
Bitcoin’s price rise followed MicroStrategy and Metaplanet’s decision to raise capital and add more BTC to their current holdings in 2025.
MicroStrategy announced that the firm was preparing to raise up to $2 billion through public underwritten offerings of perpetual preferred stock. The purpose of the offering remains to strengthen the firm’s balance sheet and add more Bitcoin to its existing holdings.
The firm added that the current decision extends its 21/21 Plan, an investment plan to raise $21 billion of equity and fixed-income instruments over the next three years.
Something about https://t.co/Bx3917zMqi is not quite right. pic.twitter.com/vRTAH2xTCX
— Michael Saylor⚡️ (@saylor) January 5, 2025
Moreover, Michael Saylor, co-founder of MicroStrategy, posted a chart from SaylorTrack.com, hinting at another purchase.
Similarly, Simon Gerovich, Metalplanet CEO, took to X on Jan. 5 and said that the Japanese investment firm plans to increase its BTC holdings to 10,000, a five times increase on its current 1,762 BTC stash. Metaplanet actively accumulated Bitcoin in 2024, with the firm’s latest purchase of 619.7 BTC on Dec. 23.
Related: Metaplanet eyes upping Bitcoin holdings to 10K BTC in 2025
Interestingly, Metaplanet’s stock prices have increased from $350 to $3,575, or around 1000%, since it started buying Bitcoin on April 23, 2024.
Bitcoin ETFs witness $908M inflows
Another positive catalyst for BTC’s price came after Bitcoin ETFs registered their largest inflows in six weeks. On Jan. 3, the US spot Bitcoin exchange-traded funds netted $908 million after a period of significant outflows.
Bitcoin ETF Flows chart. Source: farside.co.uk
Fidelity Wise Origin Bitcoin Fund (FBTC) led the inflows with an influx of $357 million, while BlackRock’s iShare Bitcoin Trust (IBIT) recorded $253 million.
Breaking $100,000 is key for BTC price
From a technical perspective, $100,000 remains a key psychological resistance for Bitcoin, which has been tested four times since Dec. 19 without a confirmed breakout above the level.
Bitcoin 4-hour chart. Source: Cointelegraph/TradingView
However, a cup-and-handle pattern is currently visible on the four-hour chart, which could position Bitcoin to break above $100,000 over the next few days.
Based on this pattern, a daily close above $100,000 may trigger a 7.50% price swing, putting the immediate target for Bitcoin at $106,450. Meanwhile, the relative strength index (RSI) consolidating above 50, suggests that BTC price has room to run before entering “overbought” territory.
Related: Bitcoin price move above $100K could pull SOL, SUI, ICP and ENA higher
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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