Disclaimer: The analyst who wrote this article owns shares of MicroStrategy (MSTR).
Led by Executive Chairman Michael Saylor, MicroStrategy (MSTR) has once again added to 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. Bitcoin’s last average purchase price was $101,191, bringing MicroStrategy’s overall average purchase price to $63,610.
Once again, executive chairman Michael Saylor teased X’s announcement on Sunday with the caption: “Things will be different tomorrow.” Since the tweet, Saylor has posted several photos of himself with Eric Trump, crypto czar David Sacks and Robert Kennedy Jr.
MSTR shares were down slightly in the premarket, with bitcoin trading at $104,500, down a hair from Friday afternoon. U.S. stocks were closed Monday due to the MLK holiday.
