NAIROBI (CoinChapter.com)—MicroStrategy, the largest corporate holder of Bitcoin (BTC), has paused its aggressive purchasing streak after 12 consecutive weeks of accumulation. The halt comes after the firm nearly doubled its BTC holdings since late 2024, riding on a bullish market fueled by shifting U.S. political sentiment.
Bitcoin Buying Spree Comes to a Halt
MicroStrategy, led by Executive Chairman Michael Saylor, stopped its Bitcoin purchases last week, ending a months-long streak that started in early November 2024.
MicroStrategy Holds 471,107 BTC Worth $30.4 Billion. Source: XDuring this period, MicroStrategy made record-breaking purchases, including its largest-ever single acquisition of 51,780 BTC worth $4.6 billion on Nov. 18. Another major purchase on Nov. 11 saw the firm acquire 27,200 BTC valued at over $2 billion. These purchases pushed the company’s BTC holdings from 244,800 BTC in Sept. 2024 to 471,107 BTC, acquired at an average price of $64,511.
Despite a strong start, MicroStrategy’s stock (MSTR) faced heavy volatility. The stock surged past $470 per share in mid-November but later dropped below $290 by the end of December. Although it recovered alongside the crypto market in January, MSTR closed at $335 last Friday, with expectations of further declines amid a broader market downturn.
Market Volatility and Strategic Pause
Bitcoin’s price tumbled by over $15,000 between Friday and Monday, marking a sharp decline in its recent bullish trajectory. The downturn coincides with MicroStrategy’s pause in BTC acquisitions, raising questions about its future buying strategy.
While the company did not disclose the exact reason for stopping its purchases, it confirmed that it had neither sold its class A common stock nor added to its Bitcoin holdings. This break comes at a crucial time when the broader crypto market is experiencing price corrections.
MicroStrategy Halts Weekly Bitcoin Purchases in February. Source: BloombergMarket analysts speculate that MicroStrategy might be reassessing its funding strategy. The firm had previously planned to raise over $40 billion in the next decade and has actively issued convertible notes and stock offerings to finance its Bitcoin purchases. Investors and analysts expect further clarity on the company’s strategy when it reports earnings this week.
MicroStrategy’s Bitcoin Holdings and Future Plans
As of now, MicroStrategy holds approximately 2% of Bitcoin’s total supply, with its holdings valued at around $44.7 billion. The firm’s aggressive Bitcoin strategy has positioned it as a dominant player in the institutional adoption of cryptocurrencies.
MicroStrategy is expected to address its future Bitcoin buying plans and financing mechanisms in its upcoming earnings call.
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