Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).
MicroStrategy (MSTR), led by Executive Chairman Michael Saylor, added to its bitcoin (BTC) holdings for a 12th straight week.
In the week ended Jan. 26, the company bought 10,107 BTC, taking its total holdings to 471,107 BTC, Saylor wrote in a post on X. The purchase, at an average price of $105,596 per bitcoin, raised MicroStrategy’s overall average purchase price to $64,511.
Saylor teased the announcement on Sunday, as he has done in recent weeks, posting: “Don’t stop thinking about tomorrow.”
On Jan. 21, MicroStrategy shareholders approved increasing the authorized number of Class A common shares to 10.3 billion from 330 million shares.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Research shows that only 8% to 10% of global Bitcoin hashrate runs in oil-sensitive power…
Today’s quantum computers are far from breaking Bitcoin’s cryptography and any real threat would likely…
U.S. President Trump said stopping Iran is more of a concern than oil prices, as…
Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed…
Glassnode’s Accumulation Trend Score drops to 0.04 as smaller wallet cohorts offload BTC while macro…
Bitcoin Magazine Metaplanet Expands Bitcoin Strategy With Venture Fund and Asset Management Unit Tokyo-listed bitcoin…