- MicroStrategy’s continued Bitcoin purchases, now exceeding 461,000 BTC, highlight its confidence in BTC as a long-term store of value.
- Bitcoin’s stabilization at $104K amid market debates and policy shifts underscores its resilience despite growing uncertainty in the digital asset ecosystem.
Another Bitcoin acquisition has recently been signaled by Michael Saylor, co-founder of MicroStrategy. This continues his streak of 12 consecutive weeks updating the community on BTC activity via SaylorTracker. The company’s most recent purchase was on January 21, acquiring 11,000 BTC at an average price of $101,191 per coin.
In total, this brought MicroStrategy’s total holdings to 461,000 BTC, valued at approximately $48.4 billion—surpassing the Bitcoin reserves of the U.S. government.
Following a recent CNF update, MicroStrategy accumulated an additional 2,530 BTC, pushing its total beyond 450,000 Bitcoins. The report also highlighted that strategic funding through share sales and stock offerings supports the company’s continued Bitcoin accumulation, reflecting its unwavering confidence in Bitcoin’s long-term potential.
Market Context: Bitcoin Steadies at $104,000
Bitcoin’s price has stabilized at $104,000 after recent market turbulence. This follows a short-term low from its last all-time high of $108,786 on January 20, attributed to former President Donald Trump’s announcement hinting at the inclusion of other digital assets in a U.S. strategic reserve.
While this sparked enthusiasm among some, it also caused division within the crypto community, highlighting Bitcoin’s dominance in a rapidly diversifying digital asset landscape.
Trump’s Digital Asset Order Sparks Debate
The controversy intensified with Trump’s January 23 executive order establishing a working group on digital asset markets. Chaired by crypto and AI czar David Sacks, the group is tasked with exploring a national digital asset stockpile.
The absence of specific mentions of Bitcoin led to mixed reactions. Critics, including Bitcoin advocate Max Keiser, warned that embracing altcoins could dilute Bitcoin’s significance, while Pierre Rochard of Riot Platforms criticized Ripple’s lobbying for a diverse reserve. Ripple CEO Brad Garlinghouse confirmed lobbying efforts but emphasized that any reserve would include Bitcoin.
Uncertainty Looms for Bitcoin’s Short-Term Outlook
While Bitcoin traders remain cautious about a shift toward a multi-asset reserve, MicroStrategy’s continued BTC accumulation signals institutional confidence. Despite market fluctuations and policy uncertainty, the firm’s dedication underscores Bitcoin’s resilience as a long-term store of value in an evolving financial ecosystem.
At the time of writing, following MicroStrategy’s Saylor teasing a fresh Bitcoin purchase as BTC stabilizes at $104K, Bitcoin’s price is currently falling to $99,453.90, with a decrease of 5.02% in the past 24 hours and 6.11% in the past week. See Bitcoin (BTC) price chart below.
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