MicroStrategy Buys Another $1.1 Billion of Bitcoin — WSJ

By Vicky Ge HuangThe software-intelligence company turned bitcoin-holding entity said Monday it bought $1.1 billion of bitcoin between Jan. 13 and Jan. 20.MicroStrategy said it bought 11,000 bitcoins.It paid an average of $101,191 per token in cash, including fees and expenses.It now holds about 461,000 bitcoins worth about $48 billion.Bitcoin set a new high above $109,000 early Monday, hours before President Trump's inauguration.MicroStrategy founder Michael Saylor was among the crypto executives who hobnobbed with political figures like Donald Trump Jr., Texas Senator Ted Cruz, Speaker of the House Mike Johnson and Trump's Treasury pick Scott Bessent at a Friday event called the Crypto Ball.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).