Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).
Michael Saylor’s MicroStrategy (MSTR) increased its bitcoin (BTC) holdings for the tenth consecutive week.
During the week ending January 12, Bought MicroStrategy 2,530 BTC for $243 million, bringing its total holdings to 450,000 BTC. The average price of the latest bitcoin purchase was $95,972. The total average purchase price of the company’s holdings is now $62,691.
Executive Chairman Michael Saylor teased the announcement again at X on Sunday.
Shares were down nearly 5% in premarket action along with a similar-sized drop in the price of bitcoin, which now hangs just above $90,000.
