{"id":612876,"date":"2024-12-24T10:43:14","date_gmt":"2024-12-24T10:43:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=612876"},"modified":"2024-12-24T10:43:14","modified_gmt":"2024-12-24T10:43:14","slug":"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","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/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","title":{"rendered":"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"},"content":{"rendered":"

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.<\/span><\/p>\n

The BTC price fell to its lowest since November, dampening hopes of a “Santa Claus rally,” which has historically resulted in solid gains.<\/span><\/p>\n

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. <\/span><\/p>\n

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.<\/span><\/p>\n

\n

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.<\/p>\n

Proposals include:<\/p>\n

1.Increasing Class A shares from 330 million to 10.33 billion for future capital raising.… pic.twitter.com\/3OmO5fQQOA<\/a><\/p>\n

— Nyke Nakamoto (@Nyke_Nakamoto) December 23, 2024<\/a><\/p><\/blockquote>\n