2026-01-12 23:21:01

Recently, Bitcoin has been oscillating around $90,000. MicroStrategy has once again demonstrated its commitment through action. On January 12, Michael Saylor announced that the company added 13,627 BTC positions, investing approximately $1.25 billion at an average price of $91,519. With this addition, MicroStrategy's BTC holdings have reached 687,410 coins, with a total investment of $51.8 billion and an average cost of about $75,353.

Seeing such a large-scale purchase, the feelings are actually quite conflicted. On one hand, this confirms the institutional confidence in Bitcoin's long-term value—prices have stabilized around $90,000, and the cost basis has doubled, yet they continue to buy more. This indicates that their outlook for the future is far beyond the current level. But on the other hand, when prices are 20% above their average cost and they keep buying, is this a firm belief or a reckless gamble?

From a technical perspective, on January 12, Bitcoin's RSI was at 50.45, indicating a neutral to slightly bullish stance. The MACD shows a slight bullish signal, and the price of $90,322 stands above the middle band of the Bollinger Bands (at $89,750). The market presents a strange balance—no signs of overheating, nor obvious signs of decline. The total futures market open interest is $61 billion, down 1.66% in 24 hours. The funding rate on a major exchange remains at a slight positive of 0.00591%, indicating that bulls are gradually pushing forward but not recklessly.

This move by MicroStrategy actually sends a signal to the market: even if the spot ETF experienced a net outflow of $6.81 billion in its first week, institutional-level long-term capital is still quietly accumulating. This holding strategy has, to some extent, formed a bottom support. But we must be clear—when a listed company goes all-in on a single crypto asset of such size, it’s like bringing a double-edged sword to the gambling table. If Bitcoin continues to break through, they will reap huge rewards; if the market undergoes a deep correction, the consequences must be carefully weighed.

BTC-3,7%

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ChainSherlockGirl

· 01-15 17:25

Saylor is back to telling us stories again, over 670,000 BTC, how much can you gamble... But honestly, buying at $90,000 is still happening, this guy either truly believes or is setting a ceiling for the later bagholders, just for fun. The key is that institutions are still quietly accumulating, ETF outflows actually indicate retail investors are fleeing, this discrepancy is quite interesting... Based on my analysis, the bottom support might indeed be solid. But to be honest, if one day this all-in approach crashes, I really want to see the moment when the listed company announces it, to be continued...

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OnChainArchaeologist

· 01-15 13:16

Saylor is really bold. He's almost doubled his investment and is still buying. How much confidence does that take?

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VirtualRichDream

· 01-15 08:45

518 billion spent and still so calm, truly amazing. This is what you call a game for the wealthy. Saylor's move is indeed ruthless; doubling costs and still adding more. Either he sees through the market outlook or he's just a gambler. This round of operations looks like it's giving the market a confidence boost, with institutions quietly accumulating while others are buying at high levels. Still buying at 90,000. I just want to know how large his risk exposure can get. An all-in listed company holding crypto assets—this is crazy. Making money is really satisfying, losing it is also humbling. Speaking of such large-volume purchases, ordinary retail investors really can't catch the train; they can only watch the dust settle. Institutions are building positions while retail investors celebrate at high levels. It's always the same script.

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AlgoAlchemist

· 01-12 23:48

Saylor is really all in, pouring in $51.8 billion. Winning is definitely exciting, losing... well, I don't dare to think about it.

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WhaleWatcher

· 01-12 23:48

518 billion went in. Saylor really isn't afraid of death—either soaring to the sky or going down together.

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rugpull_survivor

· 01-12 23:46

Saylor, this guy really isn't afraid of death. He's willing to invest 1.25 billion with just 90,000... Either it's true faith or he's gambling with red eyes.

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DAOTruant

· 01-12 23:40

If Elon Musk did the same, he would be completely crazy. Saylor, this guy, really dares to do it.

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FrontRunFighter

· 01-12 23:39

saylor's really just frontrunning the institutional accumulation phase... 687k btc sitting there like a massive MEV extraction waiting to happen. ngl this reeks of coordinated positioning, not faith.

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