Michael Saylor’s MicroStrategy (MSTR) continues to expand its bitcoin (BTC) holdings, marking the tenth consecutive week of acquisitions and reinforcing its strategy of treating bitcoin as its primary treasury asset.
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 latest purchase was made at an average price of $95,972 per bitcoin, bringing the overall average purchase price of the company’s holdings to $62,691.
Saylor previewed the announcement on X over the weekend, and on Monday, he reiterated his stance during a presentation to executives at the ICR Conference in Orlando. In his remarks, Saylor recommended companies invest in bitcoin instead of bonds, which he called “toxic,” highlighting bitcoin’s long-term value appreciation since MicroStrategy adopted it as a treasury reserve in 2020.
Despite the positive outlook for bitcoin, shares of MicroStrategy were down nearly 5% in premarket trading, mirroring a decline in the price of bitcoin, which was holding just above the $90,000 mark.
In a similar vein, Semler Scientific (SMLR) disclosed it had acquired an additional 237 BTC for $23.3 million. The purchase was made using proceeds from an at-the-market (ATM) equity offering and operating cash flow, with an average price of $98,267 per bitcoin. Semler’s total bitcoin holdings now stand at 2,321 BTC, with a combined investment of $191.9 million and an average acquisition price of $82,867.
Semler’s shares also fell nearly 7% in premarket trading, reflecting broader market sentiment and the ongoing volatility in the cryptocurrency space. These moves reflect a broader trend of institutional adoption of bitcoin as an alternative asset class, even amid market fluctuations.
