MicroStrategy’s Bitcoin Holdings Reach 450K After $243M Purchase of 2,530 BTC.

Michael Saylor’s MicroStrategy (MSTR) has once again increased its bitcoin (BTC) holdings, continuing its streak of weekly acquisitions, bringing its total to 450,000 BTC.

In the week ending January 12, MicroStrategy purchased an additional 2,530 BTC for $243 million, bringing its average purchase price for this acquisition to $95,972. The company’s overall average cost per bitcoin now stands at $62,691.

Saylor teased the announcement on X over the weekend before addressing executives at the ICR Conference in Orlando on Monday. During his presentation, Saylor recommended that companies invest in bitcoin rather than bonds, calling bonds “toxic” assets that are less reliable compared to the potential of bitcoin. This statement aligns with his long-standing view of bitcoin as a superior store of value.

Bitcoin’s price remained volatile, dipping just below $90,000, which mirrored the near 5% drop in MicroStrategy’s share price in premarket trading.

In a similar move, Semler Scientific (SMLR) reported that it had acquired an additional 237 BTC for $23.3 million, funded by proceeds from an at-the-market (ATM) equity offering and operating cash flow. This brings Semler’s total bitcoin holdings to 2,321 BTC, with an average acquisition price of $82,867 per coin. Semler’s shares also dropped nearly 7% in premarket trading, reflecting broader market sentiment.

These actions highlight an increasing trend among corporations to add bitcoin to their balance sheets, despite market fluctuations. Both companies’ moves are indicative of the growing adoption of cryptocurrency as a long-term strategic asset.