Bitcoin Price Prediction: MicroStrategy Unveils BTC Buying Plan As Santa Claus Rally Hopes Fade, While This Best Crypto Wallet Token ICO Blasts Past $5.5M
The Bitcoin price plunged 1% in the last 24 hours to trade at $93,385 as of 02:22 a.m. EST on trading volume that surged 21% to $56.7 billion. The BTC price fell to its lowest since November, dampening hopes of a “Santa Claus rally,” which has historically resulted in solid gains. This comes as MicroStrategy unveils the 21/21 plan, which aims at raising $21 billion through equity financing and another $21 billion through bond issuance over three years. According to Michael Saylor, the funds will be used to buy more Bitcoin as a way of showcasing the company’s commitment to the king of cryptos. JUST IN: MicroStrategy announces a special shareholder meeting to vote on key proposals aimed at accelerating its 21/21 Plan and aligning with its Bitcoin strategy. Proposals include: 1.Increasing Class A shares from 330 million to 10.33 billion for future capital raising.… pic.twitter.com/3OmO5fQQOA — Nyke Nakamoto (@Nyke_Nakamoto) December 23, 2024 Bitcoi...