What to know:
- MicroStrategy increased its bitcoin holdings for the tenth consecutive week, buying 2,530 tokens for $243M.
- The company’s stack now sits at 450,000 bitcoin purchased at an average price of $62,691 each.
- Shares are lower in premarket trading alongside a large decline in the price of bitcoin.
For the past ten weeks running, Michael Saylor’s company, MicroStrategy (MSTR), has continued to add more bitcoins (BTC) to its existing holdings.
Last week, up until January 12th, MicroStrategy bought 2,530 Bitcoins for approximately $243 million, boosting its total Bitcoin holdings to a staggering 450,000 units. The average price of the recently acquired bitcoins is about $95,972 each. As a result, the average cost per Bitcoin in MicroStrategy’s overall portfolio now stands at around $62,691.
Executive Chairman Michael Saylor once again teased the announcement on X on Sunday.
Pre-market trading shows shares decreasing approximately 5%, mirroring a comparable drop in the value of Bitcoin, currently hovering slightly above $90,000.
Read More
- INJ PREDICTION. INJ cryptocurrency
- SPELL PREDICTION. SPELL cryptocurrency
- How To Travel Between Maps In Kingdom Come: Deliverance 2
- LDO PREDICTION. LDO cryptocurrency
- The Hilarious Truth Behind FIFA’s ‘Fake’ Pack Luck: Zwe’s Epic Journey
- How to Craft Reforged Radzig Kobyla’s Sword in Kingdom Come: Deliverance 2
- How to find the Medicine Book and cure Thomas in Kingdom Come: Deliverance 2
- Destiny 2: Countdown to Episode Heresy’s End & Community Reactions
- Deep Rock Galactic: Painful Missions That Will Test Your Skills
- When will Sonic the Hedgehog 3 be on Paramount Plus?
2025-01-13 16:21