Disclaimer: The analyst who wrote this article owns shares of MicroStrategy (MSTR).
MicroStrategy (MSTR), led by executive chairman Michael Saylor, increased its holdings on Bitcoin (BTC) for the 12th consecutive week.
As of the week ended January 26, the company Bought 10,107 BTC, Saylor wrote in an article on X that its total holdings reached 471,107 BTC. The average price of this purchase was $105,596 per Bitcoin, raising MicroStrategy’s overall average purchase price to $64,511.
Seiler teased the announcement on Sunday, as he has done in recent weeks, posting: “Don’t stop thinking about tomorrow“.
On January 21, MicroStrategy shareholders approved increasing the authorized number of Class A common shares from 330 million shares to 10.3 billion shares.
