Michael Saylor's Strategy has gone five weeks without purchasing Bitcoin following an $8.22 billion quarterly loss, though a recent social media post from Saylor has fueled speculation of an imminent purchase announcement. The company's holdings have been reduced to 843,775 BTC after recent treasury sales.
Canadian digital asset manager 3iQ has secured a mandate to manage a portion of Gelephu Mindfulness City's Bitcoin reserves as part of a strategic partnership to advance the planned city's digital asset infrastructure.
Strategy (MSTR) added $525 million to its cash reserve through equity sales, bringing the total to $3.75 billion, while declining to purchase Bitcoin for the fifth straight week. The company also bought back $25 million of its STRC preferred stock, with the reserve now covering 2.1 years of preferred dividends and debt obligations.
Treasury Secretary Scott Bessent testified that the department is proceeding with "deliberate speed" on establishing a Bitcoin reserve, while Representative Nick Begich introduced legislation to formally create a Strategic Bitcoin Reserve within the Treasury Department.
Treasury Secretary Scott Bessent told the Senate Finance Committee that the Trump administration is moving at a 'deliberate speed' to establish a strategic bitcoin reserve and urged Congress to pass the Clarity Act by summer, as the bill faces competition for limited Senate floor time.
Rep. Nick Begich (R-AK) introduced the American Reserve Modernization Act of 2026, bipartisan legislation that would lock existing U.S. government bitcoin holdings into a strategic reserve for at least 20 years. The bill notably drops earlier proposals to purchase 1 million BTC, focusing instead on preserving current holdings.
The Czech National Bank, the first central bank to test bitcoin for reserves, concluded its study after purchasing $1 million in BTC in October. While finding bitcoin more efficient than stocks and gold, the bank determined it is too risky for sovereign reserve holdings.
Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets, indicated that a major announcement regarding Trump's strategic bitcoin reserve initiative is coming within weeks, stating that legislation is progressing through Congress.
Strategy (formerly MicroStrategy) purchased 34,164 BTC for $2.54 billion last week, bringing total holdings to over 815,000 BTC worth approximately $61 billion—more than 3.8% of Bitcoin's total supply. The purchase was funded by sales of STRC preferred stock and common stock.
Stablecoin issuer Tether transferred approximately $70 million in Bitcoin to its reserve wallet, bringing total holdings above 97,000 BTC worth over $7.1 billion as part of its strategy to allocate up to 15% of profits into Bitcoin.
Michael Saylor's Strategy purchased 13,927 BTC for approximately $1 billion entirely through STRC perpetual preferred stock sales, bringing total holdings to 780,897 BTC worth around $55 billion—over 3.7% of total Bitcoin supply.
TD Cowen initiated coverage on Nakamoto, SharpLink, Strive, and Smarter Web with buy ratings, framing public Bitcoin treasury companies as an investable equity category. The firm cut Strategy's price target to $350 on lower Bitcoin assumptions.
The Kingdom of Bhutan transferred another 319 BTC to new wallets, continuing a selling streak that has reduced its sovereign Bitcoin holdings from 13,000 BTC to 3,774 BTC. Funds were routed through wallets previously used for sales via Galaxy Digital and OKX.
Japanese firm Metaplanet purchased 5,075 BTC for approximately $400 million in Q1 2026, bringing total holdings to 40,177 BTC and surpassing MARA Holdings to become the third-largest corporate Bitcoin treasury after MicroStrategy and Tesla.
Senators Bill Cassidy and Cynthia Lummis introduced legislation aimed at reshoring Bitcoin mining equipment manufacturing and codifying the Strategic Bitcoin Reserve, addressing the fact that 97% of mining machines are made by Chinese companies despite the US hosting 38% of global hashrate.
President Donald Trump signed an executive order creating a U.S. Strategic Bitcoin Reserve and digital asset stockpile using cryptocurrencies already owned by the government through law enforcement seizures, rather than purchasing new tokens. The reserve comprises approximately $17 billion in Bitcoin seized in enforcement actions.
