Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
MicroStrategy halts Bitcoin buying spree after 12 straight weeks

MicroStrategy halts Bitcoin buying spree after 12 straight weeks

Crypto.NewsCrypto.News2025/02/02 16:00
By:By Naga Avan-NomayoEdited by Jayson Derrick

Software designer MicroStrategy ended its 12-week Bitcoin buying streak, holding onto its current $44 billion stash until further notice.

MicroStrategy did not execute a Bitcoin ( BTC ) buy for the first time in three months, according to Form 8-K disclosure documents filed with the U.S. Securities and Exchange Commission.

After 12 consecutive weekly Bitcoin purchases, the firm did not sell any class A common shares from its at-the-market program. With no share sales between January 27 and February 2, the company had an outstanding $4.35 billion worth of equity offerings available to finance potential future Bitcoin acquisitions.

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. As of 2/2/2025, we hodl 471,107 $BTC acquired for ~$30.4 billion at ~$64,511 per bitcoin. $MSTR https://t.co/QTBWl8KlNv

— Michael Saylor⚡️ (@saylor) February 3, 2025

MicroStrategy plans to fund its “21/21” strategy with its ATM offering, a plan created by executive chairman Michael Saylor to invest $42 billion in Bitcoin.

Additionally, Saylor’s company debuted its preferred stock offering called STRK. The new capital raise channel, launched to buy more BTC, attracted $563.4 million in investor cash shortly after its arrival last week.

As of Feb. 3, MicroStrategy held 471,107 BTC valued at about $44 billion as Bitcoin slumped to $96,000 amid a market-wide correction fueled by mass liquidations.

Saylor’s dotcom-era business intelligence firm spent around $20 billion on Bitcoin during its 12-week buying spree, acquiring as much as $1.1 billion worth of tokens on at least two occasions. The company’s aggressive accumulation strategy has influenced other firms, such as Marathon Digital and Riot Platform, which have also been building Bitcoin treasuries while operating mining businesses.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Strategy₿ Buys Over $742M in Bitcoin

Following a short break, Strategy₿ (formerly MicroStrategy) bought 7,633 BTC

CyrptoRo2025/02/11 17:55

Bank of England boss says stablecoins require 'high bar' regulations, still exploring a UK CBDC

Bank of England Governor Andrew Bailey said that bitcoin and stablecoins will require different approaches to regulation.The central bank chief also confirmed it was still looking into a CBDC in collaboration with the UK government.

The Block2025/02/11 16:23

Sol Strategies tapped as staking provider for 3iQ’s proposed Solana Staking ETF in Canada

3iQ submitted on Jan. 28 the preliminary prospectuses with the Ontario Securities Commission and other Canadian regulators to list the 3iQ Solana Staking ETF.As of Jan. 31, Sol Strategies and its subsidiaries held an aggregate of 189,968 SOL, worth about $38 million at press time.

The Block2025/02/11 16:23