Launcher says I'm in Demo mode while I own the game

As shown in the image below, the launcher tells me to purchase the game. I have owned the game for 8 years and migrated it to this Microsoft account. I believe this is a visual error because in 1.17.1 (vanilla) and in 1.8.9 (forge) when I click play demo, I am still able to play on servers.

Proof of me on a server: