MicroStrategy’s $1.25B Buy & Florida’s Reserve Bill

On January 12, 2026, MicroStrategy (now operating under the ticker “Strategy”) announced its largest acquisition of the year, purchasing 13,627 BTC for approximately $1.25 billion.

This purchase, executed at an average price of $91,519, was funded by a massive stock issuance following the company’s recent inclusion in major MSCI indexing benchmarks.

MicroStrategy now controls 687,410 BTC—more than 3% of the total 21 million supply. With paper gains exceeding $10 billion, the company has effectively become a de facto “Bitcoin ETF with leverage,” forcing other S&P 500 firms to reconsider their cash-heavy balance sheets.

While the federal government debates regulation, major corporate and state-level entities are aggressively locking down supply, signaling a permanent shift in how national and local treasuries view digital scarcity.

Florida’s strategic reserve

Simultaneously, the state of Florida has officially entered the “Bitcoin Space Race.” On January 7, 2026, State Senator Joe Gruters registered Senate Bill 1038, which would authorize the Chief Financial Officer to manage a Florida Strategic Cryptocurrency Reserve. To ensure institutional stability, the bill mandates that the state only purchase assets with a 24-month average market capitalization above $500 billion.

This “Sovereign-Scale” demand is creating a supply shock. As corporate treasuries buy Bitcoin at three times the rate it is being mined, the market is entering a “scarcity loop.” Analysts suggest that if the U.S. federal GENIUS Act passes later this month, the government could transition from holding seized BTC to actively competing with corporations and states for a piece of the world’s first global, digital reserve asset.