MicroStrategy's Bold Bitcoin Acquisition: 2,530 BTC Added in a Record Streak!

MicroStrategy's Bitcoin Accumulation Continues

Michael Saylor's MicroStrategy (MSTR) has made headlines again by increasing its bitcoin (BTC) holdings for the tenth consecutive week. In the week ending January 12, MicroStrategy purchased 2,530 BTC for $243 million, bringing its total holdings to an impressive 450,000 BTC. The average price of this latest acquisition was $95,972, while the overall average purchase price for the company's holdings now stands at $62,691.

Market Reactions

Despite these significant purchases, shares of MicroStrategy are down nearly 5% in premarket trading, coinciding with a similar dip in the price of bitcoin, which is currently hovering just above $90,000.

Additional Acquisitions by Semler Scientific

In related news, Semler Scientific (SMLR) has also expanded its bitcoin portfolio, acquiring an additional 237 BTC for $23.3 million. This purchase was made using proceeds from an at-the-market (ATM) offering and operating cash flow, with an average buy price of $98,267. Semler now holds a total of 2,321 BTC, with an aggregate investment of $191.9 million and an average purchase price of $82,867. Shares of Semler have seen a decline of almost 7% in premarket trading.

Analyst's Note

Disclaimer: The author, James Van Straten, is a senior analyst at CoinDesk and holds shares in MicroStrategy and Semler Scientific.