Saylor indicates new Bitcoin purchase as BTC holds around $104K

MicroStrategy co-founder Michael Saylor has signaled an impending Bitcoin (CRYPTO:BTC) purchase as the cryptocurrency consolidates around $104,000.

On January 27, Saylor posted the Bitcoin tracker for the 12th consecutive week, suggesting that MicroStrategy is preparing to acquire more BTC.

The company recently purchased 11,000 BTC on January 21 at an average price of $101,191 per coin.

Currently, MicroStrategy holds approximately 461,000 BTC, valued at around $48.4 billion, which surpasses the Bitcoin holdings of the United States government.

Despite a pullback from its recent all-time high of $108,786 on January 20, MicroStrategy continues to accumulate Bitcoin.

This price decline followed President Trump's announcement regarding a potential digital asset stockpile that may include various cryptocurrencies.

SaylorTracker indicates that MicroStrategy's investment has yielded over 65% returns, translating into an unrealised gain exceeding $19 billion.

On January 23, Trump signed an executive order establishing the President’s Working Group on Digital Asset Markets, chaired by David Sacks.

The group is tasked with exploring a national digital asset stockpile but did not specifically prioritise Bitcoin in its mandate.

This ambiguity has led to mixed reactions within the crypto community.

Bitcoin maximalists expressed concern over the inclusion of alternative digital assets in the strategic reserve.

"Trump has nothing to do with Bitcoin, but he can destroy America by embracing shitcoins," stated Max Keiser criticised Trump's approach.

Pierre Rochard from Riot Platforms warned that lobbying efforts by Ripple could hinder the establishment of a Bitcoin-focused reserve.

As traders assess the potential for policy shifts toward a diversified digital asset reserve, short-term optimism for Bitcoin appears limited.

Overall, Saylor's ongoing commitment to Bitcoin purchasing underscores his belief in its long-term value despite current market fluctuations.

At the time of reporting, the Bitcoin (BTC) price was $100,896.