Key Points

• MicroStrategy just filed a preliminary notice with the SEC for a shareholder vote.
• BTC price rebounded ahead of Christmas, following yesterday’s dip to $92,000 levels.

Despite recent price corrections, Bitcoin remains surrounded by optimism ahead of Christmas.

Apart from the upcoming Trump administration set to debut on January 20, more positive predictions for BTC stem from MicroStrategy’s latest move.

MicroStrategy’s Upcoming Potential BTC Investments

Today, December 24, MicroStrategy filed a preliminary notice with the SEC for a shareholder vote.

The company’s agenda includes the following:

• Increasing authorized shares of common stock from 330 million to 10.33 billion
• Increasing authorized preferred shares from 5 million to 1.005 billion
• Automatic equity awards

The fact that MicroStrategy wants to issue 10 billion more shares could mean significant amounts of money flowing into Bitcoin.

Today, MSTR shares trade above $332, and 10 billion shares would translate into more than $3.3 trillion. At current prices, this means over 35 million BTC.

MicroStrategy Continues to Buy BTC

On December 23, MicroStrategy bought 5,262 more BTC for around $561 million, raising its holdings to 444,262 BTC, according to an announcement via X by Michael Saylor.

MicroStrategy has been continually buying BTC since 2020, and the company remains committed to acquiring more coins, according to its latest filing, which could significantly boost the price of BTC in the future.

Also, it’s worth noting that recently, MicroStrategy became the first BTC-oriented company to be added to the Nasdaq 100 Index, another crucial landmark for the crypto industry in 2024.

Today, BTC’s price rebounded from a dip to $92,000 levels on December 23.

BTC Price Rebounds Following December 23 Dip

At the moment of writing this article, BTC is trading above $94,000, following a drop to around $92,500 on December 23.

BTC’s latest price drops were triggered by liquidations, BTC ETF outflows, and geopolitical tensions under the current Biden administration.

Crypto Liquidations and BTC ETF Outflows

Coinglass data reveals that the 24-hour BTC liquidations neared $95 million, with $44 million in long and almost $21 million in short positions.

Since December 19, the US BTC ETFs recorded three days of outflows totaling over $1 billion, which came following a long streak of inflows that lasted for 13 days since November 27, according to SoSoValue data.

The approval of BTC ETFs in 2024 marked a very important step in Bitcoin’s institutional adoption, and the crypto products managed to surpass gold and reach $20 billion in total flows much faster.

As of December 23, the total net assets locked in BTC ETFs were over $105 billion and the cumulative net flows in the crypto products since their debut are getting closer to $36 billion.

While the latest price drawdowns are normal for BTC, considering its volatility, optimistic predictions for 2025 remain on the table.

Optimistic 2025 Predictions for BTC

Institutional adoption of BTC and crypto is on the rise, and the upcoming Trump administration that will debut in January will boost the markets even more, considering the strong support shown by the newly elected US President for crypto and BTC.

Recently, Trump confirmed the upcoming US BTC Reserve and his new cabinet includes important names supporting crypto. Other countries have also revealed their plans for upcoming BTC reserves, mirroring increased global adoption.

All these factors set the stage for a successful New Year for the entire crypto industry.