MicroStrategy co-founder Michael Saylor has posted a Bitcoin (BTC) tracker for 12 consecutive weeks, indicating an impending Bitcoin purchase on January 27th.
The company’s most recent purchase of 11,000 BTC occurred on January 21st at an average purchase price of $101,191 per coin.
According to SaylorTracker, MicroStrategy currently holds 461,000 BTC, valued at approximately $48.4 billion, more than the US government's holdings.
Despite a pullback from its recent all-time high of $108,786 on January 20th, MicroStrategy has announced that Bitcoin will be It continues to accumulate.
MicroStrategy's BTC will be purchased over time. sauce: SaylorTracker
Related: MicroStrategy announces debt buyback amid potential tax on BTC profits
Confusion about digital asset stockpile order
President Trump signed the executive order On January 23, we established the President's Working Group on Digital Asset Markets, chaired by Crypto and Ai Czar David Sacks.
The order directed the group to research and develop a “national digital asset stockpile” and did not mention Bitcoin.
President Trump signs first executive order on digital assets and AI and Cryto Czar David Sacks. sauce: Cointelegraph/Broadcast network on the right
On the same day of the announcement, Bitcoin price fell from a daily high of $106,848 to a low of $101,233.
The executive order elicited mixed reactions from the crypto community. discussion President Trump has kept his promises to the crypto industry.
However, Bitcoin's largest list denounced the possibility of including other digital assets in the US strategic reserves.
“Trump has nothing to do with Bitcoin, but he can destroy America by accepting shit,” Bitcoin evangelist Max Kaiser wrote on January 26th post.
“The biggest obstacle to a strategic Bitcoin reserve is not the Fed, the Treasury, the banks, or Elizabeth Warren. It's Ripple and XRP,” said Pierre Rochard, vice president of research at mining company Riot Platforms. discussed.
Rochard accused him of actively lobbying the US government to establish a digital asset sanctuary made up of many different Altcoins, as opposed to Bitcoin's strategic sanctuary.
Later Ripple CEO Brad Garlinghouse Confirmed The lobby said the digital asset sanctuary would also include BTC.
Bitcoin reached a new all-time high on January 20th, but the overall price action has been choppy for several weeks. sauce: TradingView
Bitcoin traders are currently seeing limited short-term upside due to a potential policy shift away from purely Bitcoin strategic reserves to more diversified crypto reserves that may include inflationary assets.
magazine: Bitcoin's dominance will decline in 2025: Benjamin Cowen, X-Hole of Frame
