MicroStrategy Buys Additional 2,530 Bitcoin for $243M, Total Holdings Hit 450,000 BTC.

Michael Saylor’s MicroStrategy (MSTR) has bolstered its bitcoin (BTC) reserves for the tenth straight week, further solidifying its position as one of the largest corporate holders of the cryptocurrency.

The company added 2,530 BTC for $243 million in the week ending January 12, bringing its total holdings to 450,000 BTC. The latest purchase was made at an average price of $95,972 per bitcoin, raising MicroStrategy’s overall average acquisition price to $62,691.

Saylor previewed the announcement on X over the weekend, ahead of a keynote address at the ICR Conference in Orlando on Monday. During his speech, he urged executives to view bitcoin as a better investment vehicle than bonds, which he called “toxic,” according to Bloomberg.

“Bitcoin has shown strong appreciation since we adopted it as our primary treasury reserve asset in 2020, unlike bonds, which have largely underperformed during this period,” Saylor explained.

The news comes as MicroStrategy’s shares dipped nearly 5% in premarket trading, tracking a similar decline in bitcoin prices, which hovered just above $90,000.

Semler Scientific (SMLR) also announced an increase in its bitcoin holdings. The company purchased 237 BTC for $23.3 million 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 holdings now stand at 2,321 BTC, with an aggregate investment value of $191.9 million and an average purchase price of $82,867.

Semler’s shares followed suit, dropping nearly 7% in premarket trading, reflecting the broader market’s cautious tone.