MicroStrategy Pauses Bitcoin Purchases!

What’s Behind the Silence?

Feb 18, 2025

MicroStrategy Stock Hits All-Time High: Is a Bitcoin Rally Coming?

MicroStrategy, now known as Strategy, recently announced that it did not make any Bitcoin purchases or sell any shares last week. This marks only the second time in fourteen weeks that the company has paused its Bitcoin acquisitions, a shift from its usual strategy of regular BTC purchases.

Bitcoin Acquisition Pattern

MicroStrategy, under the leadership of Michael Saylor, has been making regular Bitcoin acquisitions over the past few months. In fact, the company had purchased Bitcoin in thirteen out of the last fourteen weeks. This consistent purchasing strategy was a significant part of their plan to establish a Bitcoin Treasury.

However, last week’s update revealed no new Bitcoin acquisitions, which is an unusual development for the company. Previously, the company had announced the acquisition of 7,633 BTC for $742 million, marking its first purchase after rebranding from MicroStrategy to Strategy.

Shares Sale Update

In addition to halting Bitcoin purchases, the company also did not sell any shares under its at-the-market equity offering program last week. The sale of shares has been a key method for financing Bitcoin acquisitions, as seen earlier this year when the company raised $563 million through a preferred stock offering to fund additional Bitcoin purchases.

Current Bitcoin Holdings

Despite the pause in acquisitions, Strategy still holds a substantial amount of Bitcoin. The company currently owns 478,740 BTC, which it acquired for $31.1 billion at an average price of $65,033 per Bitcoin. This makes Strategy the public company with the largest Bitcoin holdings.

Currently Bitcoin Price trading at $96,176.05 as per Coinpedia Market data.

While last week marked a temporary halt in Bitcoin acquisitions and shares sales, Strategy remains a significant player in the cryptocurrency space, holding a massive Bitcoin portfolio. It will be interesting to see if this pause is a short-term shift or part of a broader change in the company's strategy moving forward.