"Bitcoin Whales Accumulate as $100K Resistance Looms, MicroStrategy's Bold Bet on BTC"

Bitcoin Whales Accumulate BTC as Price Approaches $100,000 Resistance, Suggesting Potential for Further Gains or Declines

Bitcoin (BTC) has been gaining strength, with its price climbing above $99,000, up by 2.44% as buyers look to reclaim $100,000 and kickstart a move towards $105,000 and beyond. Analysts have predicted a decisive price move in the coming weeks, with short-term volatility set to continue but the long-term outlook remaining bullish.

MicroStrategy, the largest corporate holder of Bitcoin, has rebranded to Strategy. The company has acquired 218,887 BTC for just over $20 billion since the end of the third quarter, holding a total of 471,107 BTC on its balance sheet. CEO Phong Le stated, "We have completed $20 billion of our $42 billion capital plan, significantly ahead of our initial timelines, while leading the digital transformation of capital in the financial markets. Looking ahead to the rest of 2025, we are well-positioned to further enhance shareholder value by leveraging the strong support from institutional and retail investors for our strategic plan."

Arthur Hayes, the Chief Investment Officer at Maelstrom Fund, has said a Bitcoin strategic reserve could be a net negative for the industry and be used as a political weapon. Hayes added it could even be reversed if Democrats won the 2028 election and decided to sell the stockpile. Hayes stated in a blog post on February 6, "Broadly speaking, many misguided crypto folks wish for the US government to print dollars and purchase Bitcoin as part of a national stockpile [...] I believe these folks are asking for the wrong things. There would be 1 million Bitcoins just sitting there, ready to be sold; it just takes a signature on a piece of paper. It turns a Bitcoin reserve or 'national stockpile of shitcoins' held by the US government into a 'potent political weapon.'" Asset management firm VanEck is optimistic about a Bitcoin stockpile, predicting it could reduce America’s national debt by 35% by 2049. Speculation about a Bitcoin reserve spiked after Trump announced plans for a sovereign