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MicroStrategy Added 11K Bitcoin for $1.1B, Pushing Holdings to 461K BTC
Its the 11th consecutive week of bitcoin purchases for the Michael Saylor-led company.
What to know:
- MicroStrategy increased its bitcoin holdings for the eleventh consecutive week, purchasing 11,000 BTC for $1.1 billion.
- Total bitcoin holdings are now at 461,000 tokens.
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).
Led by Executive Chairman Michael Saylor, MicroStrategy (MSTR) has again added to its massive bitcoin (BTC) stack.
STORY CONTINUES BELOW
In the week ending Jan 19, the company purchased 11,000 BTC for $1.1 billion, taking its total holdings to 461,000 BTC. This latest bitcoin average purchase price was $101,191, increasing MicroStrategy's overall average purchase price to $63,610.
Once again, Michael Saylor teased the announcement on X on Sunday with the caption, "Things will be different tomorrow." Since the tweet, Saylor has posted multiple photos of himself with Eric Trump, crypto czar David Sacks and Robert Kennedy Jr.
MSTR shares are down modestly in premarket action, with bitcoin trading at $104,500, lower by a hair from late Friday afternoon. U.S. stocks were closed on Monday due to the MLK holiday.
James Van Straten
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin's role within the broader financial system. In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
