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By James Van Straten|Edited by Parikshit Mishra, Stephen Alpher
Jan 13, 2025, 1:12 p.m. UTC
What to know:
- MicroStrategy increased its bitcoin holdings for the tenth consecutive week, buying 2,530 tokens for $243M.
- The company’s stack now sits at 450,000 bitcoin purchased at an average price of $62,691 each.
- Shares are lower in premarket trading alongside a large decline in the price of bitcoin.
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.
As the senior analyst at CoinDesk, specializing in Bitcoin and the macro environment. Previously, working as a research analyst at Saidler & Co., a Swiss hedge fund, introduced to on-chain analytics. James specializes in daily monitoring of ETFs, spot, futures volumes, and flows to understand how Bitcoin interacts within the financial system. James holds more than $1,000 worth of bitcoin, MicroStrategy (MSTR) and Semler Scientific (SMLR).
