coindesk.com
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).
Michael Saylor's MicroStrategy (MSTR) has increased its bitcoin ($BTC) holdings for the tenth consecutive week.
In the week ending Jan. 12, MicroStrategy purchased 2,530 $BTC for $243 million, bringing its total holdings to 450,000 $BTC. The average price of the latest bitcoin buy was $95,972. The overall average purchase price of the company's holdings is now $62,691.
Executive Chairman Michael Saylor once again teased the announcement on X on Sunday.
Shares are lower by nearly 5% in premarket action alongside a similarly sized dip in the price of bitcoin, which is now hanging on just above $90,000.