Strategy acquired 10,645 BTC for $980.3 million at a $92,098 average between Dec. 8 and Dec. 14, 2025, lifting holdings to 671,268 BTC. It financed the buys largely through ATM common‑stock sales and preferred issuances, and maintains a $1.44‑billion USD reserve to service dividends and interest during extended drawdowns.

As 2025 draws to a close, Bitcoin is consolidating around $87,800 in a tightening triangle pattern, reflecting flat momentum but growing safe-haven positioning. Key technical levels show upside targets near $90,000 to $94,600 if resistance breaks, while a move below $85,100 could open downside toward $81,600.

Bitcoin is testing resistance near $90,000 with support eyed around $70,000–$65,000, while a bearish pennant suggests an imminent move. Crypto Patel says a clear break above $90,000 could target $107,000; Ali Martinez, on December 29, 2025, flagged a weekly death cross that has historically preceded deeper pullbacks or sideways phases.

Over the weekend, Iran’s rial fell to a record 1.42 million per US dollar, and on Monday Central Bank Governor Mohammad Reza Farzin resigned. Protests spread across major cities as shopkeepers staged two days of strikes. Bitwise CEO Hunter Horsley framed Bitcoin as protection against monetary failures, posting his remarks on December 29, 2025.

In 2025, Strategy (formerly MicroStrategy) bought about 225,027 BTC, lifting its treasury to roughly 672,497 BTC. The firm ended the year with a $48.3 billion market cap against a $59.2 billion valuation for its Bitcoin holdings, while short interest reached 29.14 million shares on Dec. 15. Post-halving issuance was estimated at 164,000 coins.

Bitcoin entered the final week of the year trading 30% below its $126,000 all-time high from Oct. 6, while several traders and banks highlight bullish signals into 2026. Analysts point to a recurring “Christmas bear trap,” cooling spot ETF outflows, and a daily symmetrical triangle that could target about $107,000, with one bank setting a 12-month base case at $143,000 and a bull scenario at $189,000.

On 30 December 2025, Bitcoin staged a sharp rally followed by a rapid reversal, with analysts suggesting the move was driven more by liquidity dynamics than genuine buying interest. The surge occurred while funding was negative, open interest was high, and short liquidations above a key resistance zone pushed price into thin liquidity, creating what appeared to be a breakout before collapsing once forced buying subsided.

Metaplanet, the Tokyo-listed Bitcoin-focused firm, disclosed that it bought 4,279 BTC in Q4 2025 for $451.06 million, raising its total holdings to 35,102 BTC at a cumulative cost of about $3.78 billion. With BTC trading below $90,000, the position is sitting on an unrealized loss of roughly $520 million, while the company’s stock has dropped sharply and its mNAV multiple has compressed toward parity. Metaplanet continues to pursue an income-generating derivatives strategy and fresh equity financing to fund further accumulation, mirroring the steady buying approach of Strategy and other corporate holders in 2025.