MicroStrategy has ended its 12-week Bitcoin buying streak, choosing to hold its massive $44 billion Bitcoin stash for the time being. According to Form 8-K disclosure documents filed with the U.S. Securities and Exchange Commission (SEC), the company did not execute any Bitcoin purchases last week—a notable shift in strategy.
The business intelligence firm, spearheaded by Bitcoin advocate Michael Saylor, had consistently bought Bitcoin weekly for three months. Despite this pause, MicroStrategy has not offloaded any class A common shares from its at-the-market (ATM) offering program. As of February 2, the company still has $4.35 billion in available equity offerings to fund 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’s Bitcoin strategy, dubbed “21/21,” involves investing $42 billion into the flagship cryptocurrency. This aggressive plan, driven by Saylor’s long-term bullish outlook, aims to further solidify Bitcoin as a treasury reserve asset.
Alongside its ATM equity sales, MicroStrategy recently introduced a new capital-raising avenue with its preferred stock offering, STRK. Launched to bolster the firm’s Bitcoin purchasing power, STRK quickly raised $563.4 million from investors in its first week.
As of February 3, MicroStrategy holds a staggering 471,107 BTC, valued at approximately $44 billion. The company had spent around $20 billion accumulating Bitcoin during its recent buying spree, with single acquisitions exceeding $1.1 billion on multiple occasions. However, with Bitcoin correcting to $96,000 amid widespread market liquidations, the firm appears to be temporarily reassessing its accumulation pace.
MicroStrategy’s aggressive Bitcoin strategy has set a precedent for other companies in the crypto space. Institutional players like Marathon Digital and Riot Platforms have followed suit, expanding their own Bitcoin reserves while maintaining their mining operations.
Also Read: MicroStrategy Faces Tax Challenges Amid $1.05B Debt Buyback and Record Bitcoin Holdings
While MicroStrategy’s Bitcoin buying pause has sparked speculation, the company’s financial maneuvers suggest it remains committed to its long-term crypto investment vision. Whether this is a brief pause or a more significant strategic shift remains to be seen, but the company’s unwavering Bitcoin advocacy continues to shape institutional adoption in the digital asset space.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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