Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).
Led by Govt Chairman Michael Saylor, MicroStrategy (MSTR) has once more added to its large bitcoin (BTC) stack.
Within the week ending Jan 19, the corporate bought 11,000 BTC for $1.1 billion, taking its whole holdings to 461,000 BTC. This newest bitcoin common buy worth was $101,191, rising MicroStrategy’s total common buy worth to $63,610.
As soon as once more, govt chairman Michael Saylor teased the announcement on X on Sunday with the caption, “Issues can be completely different tomorrow.” For the reason that tweet, Saylor has posted a number of images of himself with Eric Trump, crypto czar David Sacks and Robert Kennedy Jr.
MSTR shares are down modestly in premarket motion, with bitcoin buying and selling at $104,500, decrease by a hair from late Friday afternoon. U.S. shares have been closed on Monday as a result of MLK vacation.
