MicroStrategy puts Bitcoin buying on hold
Bitcoin buying on hold
MicroStrategy, the software firm turned Bitcoin powerhouse, has halted its aggressive cryptocurrency purchases after spending $20 billion on Bitcoin over the past 12 weeks.
The Virginia-based company has emerged as the largest corporate holder of Bitcoin, amassing 471,107 coins—currently valued at approximately $46.6 billion, according to Decrypt.
The company’s co-founder and chairman, Michael Saylor, confirmed the pause in a statement on X, formerly Twitter, on Monday. “Last week, MicroStrategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any Bitcoin,” Saylor wrote.
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A Temporary Pause in a Bold Strategy
Since 2020, MicroStrategy has pivoted from its core software business to a Bitcoin-centric strategy, using stock sales and debt offerings to acquire the digital asset.
The company’s recent surge in acquisitions coincided with the launch of its “21/21 Plan,” aimed at raising $42 billion to buy Bitcoin—$21 billion through equity sales and another $21 billion from fixed-income securities.
Despite the pause, MicroStrategy remains a key player in the Bitcoin market. The firm’s stock price has skyrocketed since its initial Bitcoin purchase in August 2020, rising from $14.44 to $332—a 2,199% increase.
MicroStrategy’s pause comes as it finalizes the pricing of its newly issued STRK shares, which will be used to secure additional funding for future Bitcoin purchases. While the break in acquisitions is notable, there is little indication that the company’s long-term Bitcoin strategy is changing. For now, MicroStrategy’s next move remains a point of speculation for both investors and crypto enthusiasts.
Recently, MicroStrategy (MSTR) has entered the top 100 publicly traded U.S. companies, ranking 97th overall. This milestone follows a 12% surge in its stock price to $430 per share, driven by Bitcoin's all-time high.
