Disclaimer: The analyst who wrote this piece owns stock in 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 bought 11,000 BTC for $1.1 billion, bringing its total holdings to 461,000 BTC. This most recent average purchase price for bitcoin was $101,191, increasing MicroStrategy’s total average purchase price to $63,610.
Once again, Michael Saylor teased the announcement on X Sunday with the caption, “Things will be different tomorrow.” Since the tweet, Saylor has posted several photos of herself 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, a hair lower from late Friday afternoon. US stocks were closed on Monday due to the MLK holiday.
