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According to SaylorTracker, MicroStrategy is up more than 65% on its Bitcoin investment, with an unrealized gain of over $19 billion.
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MicroStrategy co-founder Michael Saylor posted the Bitcoin (BTC) tracker for the 12th consecutive week, signaling an impending Bitcoin purchase on Jan. 27.
The company’s most recent purchase of 11,000 BTC occurred on Jan. 21, 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 — surpassing the holdings of the United States government.
MicroStrategy continues to accumulate Bitcoin despite a pullback from the recent all-time high of $108,786 on Jan. 20, after President Trump signaled the potential inclusion of other digital assets in the United States strategic reserve.
MicroStrategy’s BTC purchases over time. Source: SaylorTracker
Related: MicroStrategy announces debt buyback amid potential tax on BTC gains
Confusion over digital asset stockpile order
President Trump signed an executive order on Jan. 23, establishing the President‘s Working Group on Digital Asset Markets, which will be chaired by crypto and AI czar David Sacks.
The order directed the group to research and develop a “national digital asset stockpile” and made no mention of Bitcoin.
President Trump signing his first executive order on digital assets and AI and cryto czar David Sacks. Source: Cointelegraph/Right Side Broadcasting Network
On the same day as the announcement, the price of Bitcoin fell from a daily high of $106,848 to a low of $101,233.
The executive order drew mixed reactions from the crypto community, with some arguing that President Trump has kept his promises to the crypto industry.
However, Bitcoin maximalists slammed the potential inclusion of other digital assets in the US strategic reserve.
“Trump has nothing to do with Bitcoin, but he can destroy America by embracing shitcoins,” Bitcoin evangelist Max Keiser wrote in a Jan. 26 X post.
“The biggest obstacle for the strategic Bitcoin reserve is not the Fed, Treasury, banks, or Elizabeth Warren. It’s Ripple and XRP,” Pierre Rochard, the VP of research at mining company Riot Platforms argued.
Rochard accused Ripple of aggressively lobbying the US government to establish a digital asset reserve comprised of many different altcoins as opposed to a Bitcoin strategic reserve.
Ripple CEO Brad Garlinghouse later confirmed the lobbying efforts but said that any digital asset reserve would also include BTC.
Although Bitcoin reached a new all-time high on Jan. 20, overall price action has been choppy for weeks. Source: TradingView
Bitcoin traders currently see limited short-term upside due to the potential policy shift from a purely Bitcoin strategic reserve to a more diverse crypto reserve, which may include inflationary assets.
Magazine: Bitcoin dominance will fall in 2025: Benjamin Cowen, X Hall of Flame
This article first appeared at Cointelegraph.com News
