insidebitcoins.com
Bitcoin hit a new all-time high (ATH) amid speculation that Donald Trump could order a BTC reserve on his first day in office, while MicroStrategy co-founder Michael Saylor hinted at making Bitcoin purchases above $100K for the first time.
The crypto market leader’s price surged to a new peak of $106,488.25 in the past 24 hours before paring gains to trade at $105,260.35 as of 1:34 a.m. EST.
Trump Might Order A 200K BTC Buy Order In January 2025
The jump in BTC’s price follows a podcast interview between Strike CEO Jack Mallers and YouTuber Tim Pool. During the interview, the Strike CEO said the incoming US President might act on provisions called the “Dollar Stabilization Act,” which grants him considerable authority to protect the US Dollar.
Mallers predicted that Trump will issue an executive order to purchase Bitcoin to build the strategic reserve to combat ballooning debt in the US. Mallers then noted that the purchase “wouldn’t be the size and scale of 1 million coins,” but still speculated that the buy would be a “significant position.”
This potential executive order could lead to the US buying 200K Bitcoins, which is in line with the Bitcoin Act of 2024 introduced by pro-crypto Senator Cynthia Lummis earlier this year. The act proposes that the US Treasury and Federal Reserve buy 200K BTC every year for 5 years, totaling 1 million BTC or 5% of the crypto’s total supply of 21 million coins.
Saylor Hints At Additional Bitcoin Purchases Above $100K
Meanwhile, there are some indications that Michael Saylor’s MicroStrategy may have purchased more Bitcoin over the weekend. In a Dec. 15 X post, Saylor asked whether SaylorTracker was “missing a green dot,” which suggests a recent purchase by MicroStrategy has not been recorded yet.
Is https://t.co/Bx3917zMqi missing a green dot? pic.twitter.com/B3Zzd6M1uV
— Michael Saylor⚡️ (@saylor) December 15, 2024
This marks the fifth consecutive Sunday since Nov. 10 that Saylor has posted the SaylorTracker chart, with a new MicroStrategy Bitcoin buy being confirmed in the 24 hours after the posts.
If confirmed, the latest purchase will likely be MicroStrategy’s first Bitcoin buy with an average price above $100K.