MicroStrategy co-founder Michael Saylor shared data on Bitcoin purchases for the 12th week in a row. Thus, it marked a new purchase of Bitcoin on January 27. This shows that the company continues its Bitcoin investments with determination.
MicroStrategy’s Bitcoin Strategy
In the last purchase, which took place on January 21, MicroStrategy purchased 11,000 Bitcoins at an average price of $ 101,191. According to SaylorTracker data, the company currently holds a total of 461,000 BTC. These assets are worth approximately $48.4 billion, exceeding even the amount of Bitcoin owned by the US government.
MicroStrategy’s investment in Bitcoin continues even as Bitcoin corrects after reaching a historic high of $108,786 on January 20. Despite this correction, the company’s Bitcoin accumulation strategy remained uninterrupted.
Trump and the Digital Asset Reserve Plan
With the decree signed by President Donald Trump on January 23, a presidential working group is established to examine digital asset markets. This group will be led by David Sacks, an expert on crypto and artificial intelligence. The decree envisages the creation of a national digital asset reserve. However, there was no special emphasis on Bitcoin regarding the content of the reserve.
Following this announcement, BTC price dropped from $106,848 to $101,233 on the same day. This new approach from the Trump administration has sparked mixed reactions within the crypto community.
BTC advocates have spoken out against the possibility of including altcoins in the reserve plan. Famous BTC supporter Max Keizer commented:
Trump has nothing to do with Bitcoin, but he could destroy America by supporting altcoins.
Similarly, Pierre Rochard, vice president of research at Riot Platforms, accused Ripple of lobbying the US government to create a digital asset reserve that includes altcoins. Ripple CEO Brad Garlinghouse confirmed these lobbying efforts, stating that any reserves would include Bitcoin.
Instability and Expectations in the Market
BTC price action has been volatile for several weeks, despite reaching a new high on January 20. One of the reasons for this volatility is the possibility of the United States planning a broader strategic reserve with a variety of crypto assets, rather than a reserve focused solely on BTC. Such a policy change negatively affects the prospects of Bitcoin investors in the short term.
In summary, MicroStrategy’s continued Bitcoin purchases and potential changes in the US’s digital asset strategies are causing significant debate in the crypto market. Uncertainty continues for BTC in the short term. Meanwhile, how institutions like MicroStrategy will act in this process will be a critical indicator.
