Key Takeaways
- Michael Saylor alerts a brand new Bitcoin buy for Jan. 27.
- MicroStrategy now holds 461,000 BTC, valued at $48.4 billion.
- Debate continues over the U.S. digital asset reserve coverage and Bitcoin’s function.
MicroStrategy co-founder Michael Saylor has hinted at one other Bitcoin buy scheduled for Jan. 27.
The corporate’s most up-to-date buy, on Jan. 21, added 11,000 BTC at a median value of $101,191 per coin.
In line with SaylorTracker, MicroStrategy now holds 461,000 BTC, price roughly $48.4 billion, surpassing the Bitcoin holdings of the U.S. authorities.
Bitcoin value motion & market context
The sign comes as Bitcoin consolidates close to $104,000 following a pullback from its Jan. 20 all-time excessive of $108,786.
This market shift coincides with President Trump’s Jan. 23 govt order creating the President’s Working Group on Digital Asset Markets, chaired by crypto and AI czar David Sacks.
The group is tasked with exploring a “nationwide digital asset stockpile,” though the order didn’t explicitly prioritize Bitcoin.
The chief order has divided the Bitcoin neighborhood. Max Keiser, a Bitcoin evangelist, criticized the inclusion of altcoins in a possible U.S. digital asset reserve, calling them:
Damaging
Pierre Rochard of Riot Platforms warned that lobbying efforts by Ripple may dilute the give attention to Bitcoin, saying:
Ripple is the largest impediment to a strategic Bitcoin reserve.
Ripple CEO Brad Garlinghouse confirmed lobbying efforts for a multi-asset reserve however assured that Bitcoin would nonetheless be included.
Market outlook
Whereas Saylor prepares so as to add extra BTC to MicroStrategy’s holdings, merchants specific uncertainty about short-term Bitcoin value motion on account of potential coverage shifts towards a diversified reserve.