Saylor: 'We Buy Real Bitcoin'
Analysis
Price Impact
MedMichael saylor's clarification about microstrategy buying 'real bitcoin' and rejecting rehypothecation helps to quell potential fud (fear, uncertainty, doubt) regarding institutional holdings. while not a direct price driver, it strengthens confidence in the integrity of large-scale bitcoin accumulation.
Trustworthiness
HighThe statement comes directly from michael saylor, ceo of microstrategy, in response to public skepticism, and clarifies their operational practices regarding bitcoin custodianship. it's a direct and verifiable statement from a key market participant.
Price Direction
NeutralThe immediate impact on price is likely neutral as it's a clarification rather than new buying news. however, by addressing concerns about rehypothecation, it removes a potential bearish narrative and reinforces the long-term value proposition of 'real' unencumbered bitcoin, preventing potential downward pressure from fud.
Time Effect
LongThis news reinforces long-term trust in microstrategy's holdings and promotes understanding of secure bitcoin custodianship. this strengthens the fundamental, long-term bullish case for bitcoin by emphasizing ownership of unencumbered assets, reducing risks associated with fractional reserve practices.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Strategy founder Michael Saylor recently took to the X social media network to clarify that the company actually buys real Bitcoin. Advertisement The CEO asserts that MicroStrategy audits its custodians and rejects the dangerous practice of rehypothecation. In a fiery exchange on X, the MicroStrategy founder pushed back against concerns raised by cypherpunk and Casa co-founder Jameson Lopp. HOT Stories Crypto Market Review: Will XRP Close out on $2? Ethereum (ETH) Back on Track, Big Bitcoin (BTC) Battle Ahead U.Today Crypto Digest: Shiba Inu (SHIB) Burns Explode 2,807%, Ripple CEO Teases Big Reveal, Bitcoin (BTC) Miners Capitulate White House to Host Emergency Crypto Meeting: Details Breaking: Fidelity Lauching Ripple USD Competitor The debate began after Saylor announced MicroStrategy’s latest acquisition on Jan. 26. As reported by U.Today , the company purchased a total of 2,932 BTC for $264 million. This brought the firm's total stack to a staggering 712,647 BTC following recent mammoth purchases. Advertisement You Might Also Like Wed, 01/28/2026 - 08:02 Szabo: 'Plenty of Upside' Left for Bitcoin By Alex Dovbnya Despite the supply shock, Bitcoin's price action remained eerily stagnant. MicroStrategy bought nearly 4x the amount of Bitcoin mined globally in 2026 so far, but the price barely budged. Lopp then caused quite a stir on social media by implying that Strategy does not actually buy real Bitcoin. Advertisement "Does Strategy actually verify that their bitcoin only belongs to them and isn't rehypothecated? I'm skeptical," he said. However, Saylor quickly took to X to reject this narrative. Rehypothecation, explained MicroStrategy relies on third-party custodians (like Fidelity or Coinbase Prime). Lopp questioned how Saylor knows those custodians aren't lending out his massive stack to generate yield. Rehypothecation occurs when a bank or broker takes assets that belong to a client and uses them for their own purposes. Such an asset can be lent out to other parties or used as collateral for their own trades. Such a controversial practice creates a "paper claim" on the asset. If the bank or the borrower fails (as seen with FTX, Celsius, and BlockFi), the original owner may find that their assets are gone. "Real Bitcoin" means the unencumbered asset sits in a specific address on the blockchain. "Rehypothecated Bitcoin" implies that the same coin might be promised to multiple people. "People ask for proof of reserves since they don't even know what monitoring/assurances you put in place," Lopp retorted. #Bitcoin News #Michael Saylor