Summary:
MicroStrategy has added 2,530 BTC for $243 million in its latest purchase.
This marks the tenth consecutive week of bitcoin accumulation for MicroStrategy.
Total holdings now amount to 450,000 BTC with an average purchase price of $62,691.
Shares of MicroStrategy are down nearly 5% amid a dip in bitcoin prices.
Semler Scientific has also acquired 237 BTC for $23.3 million.
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.
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