Disclaimer: The analyst who wrote this article owns shares of MicroStrategy and Semler Scientific (MSTR).
Michael Saylor’s MicroStrategy (MSTR) has increased its bitcoin (BTC) holdings for the 10th consecutive week.
In the week ending January 12, MicroStrategy purchased 2,530 BTC for $243 million, bringing its total holdings to 450,000 BTC. The average price of the last bitcoin purchase was $95,972. The overall average purchase price for the company’s shares is now $62,691.
Chief Executive Michael Saylor once again mocked the announcement in X on Sunday.
Shares are down nearly 5% in premarket action along with a similarly sized drop in the price of bitcoin, which now sits just above $90,000.
Additionally, Semler Scientific (SMLR) acquired an additional 237 BTC for $23.3 million using proceeds from an ATM offering and operating cash flow for an average price of $98,267. SMLR now holds 2,321 BTC for a total amount of $191.9 million, average purchase price of $82,867. Shares are down nearly 7% in premarket trading.
