Disclaimer: The analyst who wrote this article owns shares of MicroStrategy (MSTR).
Led by CEO Michael Saylor, MicroStrategy (MSTR) has once again increased its massive bitcoin (BTC) stack.
In the week ending January 19, the company purchased 11,000 BTC for $1.1 billion, bringing 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 mocked the announcement in X on Sunday with the caption: “Things will be different tomorrow.” Since the tweet, Saylor has posted several photos of himself with Eric Trump, cryptocurrency czar David Sacks, and Robert Kennedy Jr.
MSTR shares fell modestly in premarket action, with bitcoin trading at $104,500, down a hair from Friday afternoon. US stocks were closed on Monday due to the MLK holiday.
