Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).
Michael Saylor’s MicroStrategy (MSTR) has increased its bitcoin (BTC) holdings for the tenth consecutive week.
In the week ending Jan. 12, MicroStrategy purchased 2,530 BTC for $243 million, bringing its total holdings to 450,000 BTC. The average price of the latest bitcoin buy was $95,972. The overall average purchase price of the company’s holdings is now $62,691.
Executive Chairman Michael Saylor once again teased the announcement on X on Sunday.
Shares are lower by nearly 5% in premarket action alongside a similarly sized dip in the price of bitcoin, which is now hanging on just above $90,000.
