What to know:
MicroStrategy (MSTR), led by the ever-enthusiastic Michael Saylor, has once again dipped its toes into the Bitcoin pool. This marks the 12th consecutive week of their digital gold rush. 🏊♂️
In the week ending Jan. 26, the company splurged on 10,107 BTC, bringing its total stash to a staggering 471,107 BTC. Saylor, in a tweet that probably caused a few raised eyebrows, revealed the purchase was made at an average price of $105,596 per bitcoin. This has nudged MicroStrategy’s overall average purchase price to $64,511. Because, why not? 🤑
Saylor, ever the tease, hinted at the announcement on Sunday with a cryptic post: “Don’t stop thinking about tomorrow.” Clearly, he’s not stopping thinking about Bitcoin either. 🎶
On Jan. 21, MicroStrategy shareholders, perhaps in a moment of collective madness, approved increasing the authorized number of Class A common shares to 10.3 billion from 330 million shares. Because when you’re on a Bitcoin spree, why not go all in? 🃏
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2025-01-27 15:24