MicroStrategy continues its Bitcoin accumulation streak, purchasing 11,000 BTC for $1.1 billion, bringing its total holdings to 461,000 BTC. This latest acquisition, at an average price of $101,191, raises MicroStrategy's overall average purchase price to $63,610.
MicroStrategy increased its bitcoin holdings for the eleventh consecutive week, purchasing 11,000 BTC for $1.1 billion.Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy .11,000 BTC for $1.1 billion, taking its total holdings to 461,000 BTC. This latest bitcoin average purchase price was $101,191, increasing MicroStrategy's overall average purchase price to $63,610.on X on Sunday with the caption, "Things will be different tomorrow.
MSTR shares are down modestly in premarket action, with bitcoin trading at $104,500, lower by a hair from late Friday afternoon. U.S. stocks were closed on Monday due to the MLK holiday.James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics.
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