MicroStrategy’s Bitcoin accumulation continues as Saylor posts 12th consecutive tracker

Source Cryptopolitan

MicroStrategy’s BTC accumulation plan is on course, as its co-founder Michael Saylor posted the Bitcoin tracker for the 12th consecutive week. As usual, Saylor’s post normally signals an impending BTC purchase on the following Monday.

MicroStrategy made its latest purchase on January 21, buying 11,000 BTC at an average cost of $101,191 per coin. According to Saylor Tracker, MicroStrategy has reserved 461,000 BTC, with a market value of about $48.4 billion, which exceeds the total Bitcoin holdings of the United States government.

The company has continued to amass Bitcoin despite its fall from the recent all-time high of $108,786 on January 20, when American President Donald Trump mentioned the likelihood of including other digital assets in the United States strategic reserves.

Trump’s order on digital asset stockpile draws mixed reaction

On January 23, the US President signed an executive order strengthening America’s leadership in digital financial technology. The order established the Presidential Working Group on Digital Asset Markets, which will be overseen by crypto and AI czar David Sacks.

The executive order mandated that the Working Group explore and develop a “national digital asset stockpile” without mentioning Bitcoin. What followed the announcement was the drop in BTC prices from a daily high of $106,848 to a low of $101,233.

The executive order was received differently within the crypto corridors as some people saw it as fulfilling President Trump’s promise during the campaigns. 

However, BTC maximalists were not impressed by the potential inclusion of other digital assets in the US strategic reserve. Bitcoin evangelist Max Keiser wrote in a January 26 X post:

Trump has nothing to do with Bitcoin, but he can destroy America by embracing shitcoins.

Max Keiser

Ripple and XPR are the greatest obstacles to the US strategic Bitcoin reserve

According to Pierre Rochard, the VP of research at mining company Riot Platforms, Ripple and XRP are the biggest hindrances to the strategic Bitcoin reserve. He absolved the Fed, banks, treasury, and even Elizabeth Warren.

Rochard didn’t take it easy on Ripple, whom he accused of pushing the US government to adopt an approach of accommodating different altcoins in its strategic reserves rather than BTC alone.

Ripple CEO Brad Garlinghouse didn’t dispute the accusations. He stated that any digital asset reserve would also factor in Bitcoin.

BTC traders are experiencing a limited short-term surge due to the possibility of a policy shift from a purely Bitcoin strategic reserve to a more diverse crypto reserve.

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