Key Notes
- Strategy funds its $31.1B Bitcoin investment through Class A common stock sales, making it the largest public holder of cryptocurrency globally.
- Despite the temporary pause, the company resumed purchases last week with $742M already spent on additional Bitcoin, according to recent SEC filings.
- The firm's holdings now exceed those of Fidelity and Grayscale combined, with only BlackRock's Bitcoin ETF managing more assets at $57B.
Strategy (NASDAQ: MSTR) has again missed its weekly Bitcoin BTC $96 446 24h volatility: 0.8% Market cap: $1.91 T Vol. 24h: $38.31 B accumulation campaign. According to a post shared on X, executive Chairman Michael Saylor revealed that the firm did not sell any Class A common stock between February 10 and February 14.
This is the second time in about 14 weeks that Strategy has paused its Bitcoin buying scheme. The company funds its Bitcoin investments by selling shares, which has temporarily stopped.
Strategy Hits Pause on Stock Sales
Strategy’s equity program is important to its Bitcoin strategy. Since 2020, Strategy has invested about $31.1 billion into buying Bitcoin. The company raises capital by selling shares, and the profit generated from selling these shares is also used to buy more Bitcoin.
The Bitcoin buying plan has made the software company the biggest public holder of Bitcoin globally. However, from February 10 to 14, no new Class A stock was sold. As a result, Strategy’s Bitcoin holdings stayed the same at 478,740 BTC.
Last week, @Strategy 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 2/17/2025, we hodl 478,740 $BTC acquired for ~$31.1 billion at ~$65,033 per bitcoin. $MSTR https://t.co/gDVOokFY8p
— Michael Saylor⚡️ (@saylor) February 18, 2025
This is currently worth over $46 billion, as Bitcoin traded below $97,000. Recently, Coinspeaker reported that the business intelligence and software firm has massive investments from 12 US states. This is a total exposure of more than $330 million in the MSTR stock.
It is more important to note that this is the second time the Strategy will be hitting a pause on its stock sales. The first time was in early February, when no new shares were sold, halting Bitcoin purchases for a short period.
Coinspeaker noted that the Virginia-based firm was preparing to close a $563.4 million preferred stock offering. The break in stock sales has raised questions about Strategy’s plans.
However, Saylor said that Strategy is focused on maintaining its long-term crypto goal. He confirmed that the firm resumed its weekly Bitcoin purchases last week. Strategy has already spent $742 million to buy more Bitcoin.
This was revealed in the latest filing with the US Securities and Exchange Commission ( SEC ).
Outpacing the Competition
Strategy now holds as much Bitcoin as major Wall Street investors. As of writing, data shows the company has more Bitcoin than Fidelity and Grayscale Investments combined. Notably, only BlackRock’s Bitcoin ETF surpassed its reserve. The BlackRock iShares Bitcoin Trust (IBIT) currently boasts of $57 billion in assets.
Nevertheless, Strategy is still ahead in terms of Bitcoin itself. This shows that Saylor’s company is a strong player in the crypto market and has a big influence over public Bitcoin holdings.
Interestingly, crypto firms and corporate businesses globally have followed the path Strategy has pioneered regarding building a Bitcoin treasury. Coinspeaker reported that V2G technology firm Nuvve has gotten Board approval to invest in Bitcoin and accept it as payment.
Besides Nuvve, Semler Scientific, Tether Holdings, and RIOT Platforms are also trailing Strategy’s moves.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
