MicroStrategy is currently up over 60% on its Bitcoin (BTC) purchases, sitting on an unrealized profit of $17.6 billion. However, this hasn’t stopped them from buying more, as Michael Saylor announced another acquisition for the company last night. How many Bitcoins will it be? We’ll find out later today.
🎶 Don't stop thinking about tomorrow 🎶 pic.twitter.com/6wtfz8yn9z
— Michael Saylor⚡️ (@saylor) January 26, 2025
Unfortunately for Saylor, the Bitcoin price began to decline following his announcement.
How Many Bitcoins Does MicroStrategy Own Now?
At the time of writing, MicroStrategy likely owns even more Bitcoin, but so far, it is known that the company holds over 461,000 BTC. This means MicroStrategy currently owns more than 2% of all Bitcoin in circulation.
It is highly unlikely that any other company in the world will ever surpass MicroStrategy’s Bitcoin holdings. Only giants like Google, Apple, and Amazon would have the financial power to compete at this scale.
When a company buys Bitcoin at the pace of MicroStrategy, it inevitably drives up the price. This makes it increasingly expensive for any other entity to surpass MicroStrategy’s Bitcoin stash.
But not today—because right now, Bitcoin is experiencing a significant drop.
Why Is Bitcoin Dropping Today?
It seems that Bitcoin will not reach a new all-time high today. At the time of writing, BTC is trading at $101,700.
This represents a 2.76% decline in the past 24 hours, which is still relatively moderate compared to the rest of the market. Ethereum (ETH) has dropped by 3.49%, while XRP and Solana (SOL) are down 4.17% and 7.73%, respectively.
For Bitcoin, the key question now is where it will find support. The 20-day moving average could be a crucial level to watch, as it currently sits just above $100,000 (see the chart above).
Bitcoin Needs a New Catalyst to Break Resistance
It is clear that resistance around the all-time high is currently too strong for Bitcoin. A new catalyst may be necessary to push the price higher, especially since Trump’s Strategic Bitcoin Reserve has so far been viewed as a disappointment.
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