MicroStrategy Continues Bitcoin Buying Spree, Adds 11,000 BTC for $1.1 Billion
MicroStrategy (MSTR), under the leadership of Executive Chairman Michael Saylor, has once again expanded its bitcoin (BTC) holdings, marking the 11th consecutive week of purchases.
For the week ending January 19, the company acquired 11,000 BTC at a total cost of $1.1 billion. This brings MicroStrategy’s total bitcoin holdings to 461,000 BTC. The latest purchase was made at an average price of $101,191 per bitcoin, raising the company’s overall average purchase price to $63,610.
Saylor teased the announcement on social media platform X, posting on Sunday with the caption, “Things will be different tomorrow.” Following the tweet, he shared multiple photos with figures such as Eric Trump, crypto czar David Sacks, and Robert Kennedy Jr.
Despite the news, MicroStrategy’s shares saw a modest decline in premarket trading, with bitcoin priced at $104,500—slightly lower than its Friday afternoon close. U.S. markets were closed on Monday in observance of the Martin Luther King Jr. holiday.
