Disclaimer: The analyst who wrote this portion owns shares of MicroStrategy (MSTR).
Led by Executive Chairman Michael Saylor, MicroStrategy (MSTR) has any other time added to its huge bitcoin (BTC) stack.
Within the week ending Jan 19, the company purchased 11,000 BTC for $1.1 billion, taking its total holdings to 461,000 BTC. This latest bitcoin moderate aquire be aware used to be $101,191, rising MicroStrategy’s overall moderate aquire be aware to $63,610.
Yet again, executive chairman Michael Saylor teased the announcement on X on Sunday with the caption, “Things will doubtless be completely different tomorrow.” Since the tweet, Saylor has posted extra than one photos of himself 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, decrease by a hair from late Friday afternoon. U.S. shares had been closed on Monday as a result of MLK vacation.
