MicroStrategy co-founder Michael Saylor has kept up his streak of sharing Bitcoin tracking updates, marking the 12th straight week and hinting at a new purchase slated for January 27.
The company’s latest acquisition took place on January 21, when it bought 11,000 BTC at an average price of $101,191 per coin.
According to SaylorTracker, MicroStrategy now holds an impressive 461,000 BTC, valued at approximately $48.4 billion, outstripping even the Bitcoin reserves of the U.S. government.
This steady accumulation comes despite Bitcoin’s recent pullback from an all-time high of $108,786 on January 20, following hints from former President Trump about expanding the United States’ digital asset reserve strategy.
Mixed Signals Over U.S. Digital Asset Stockpile
On January 23, Trump signed an executive order creating the President’s Working Group on Digital Asset Markets, led by crypto and AI advisor David Sacks.
The directive called for research into establishing a “national digital asset stockpile” but notably omitted any explicit reference to Bitcoin.
The announcement coincided with Bitcoin’s drop from a daily high of $106,848 to a low of $101,233, reflecting market uncertainty.
While some in the crypto industry saw the move as progress, Bitcoin purists criticized the potential inclusion of altcoins in a U.S. digital reserve.
“Trump’s policies don’t support Bitcoin directly, but they might harm its position if they embrace other cryptocurrencies,” commented Bitcoin advocate Max Keiser in a January 26 X post.
Riot Platforms’ VP of Research, Pierre Rochard, echoed this sentiment, accusing Ripple of lobbying for a multi-asset reserve instead of a Bitcoin-focused one. Ripple’s CEO, Brad Garlinghouse, later confirmed these lobbying efforts but assured that BTC would still be part of any proposed reserve.
Traders Remain Cautious
With the possibility of a shift in U.S. policy toward a broader crypto reserve strategy, traders are wary about Bitcoin’s short-term trajectory. The inclusion of inflationary assets could dilute Bitcoin’s role, potentially limiting its near-term upside.
Despite these challenges, MicroStrategy’s unwavering accumulation demonstrates confidence in Bitcoin’s long-term potential, signaling a bullish outlook from the corporate sector.
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