The American business intelligence and software company MicroStrategy has halted its streak of consistently acquiring Bitcoin over the past three months. According to the Chairman, Michael Saylor, in a recent tweet, the company did not purchase any Bitcoin last week, marking a pause in its aggressive accumulation strategy.
Why Halt Bitcoin Purchase?
Saylor tweeted that MicroStrategy did not purchase bitcoins last week because the firm did not sell any class A common stock shares under its at-the-market equity offering program.
Notably, Saylor’s announcement regarding the firm comes amid a market correction that has seen Bitcoin and other cryptos’ prices plummet. The announcement’s timing has left most crypto users believing the move hints at the company’s cautious approach to the market, waiting for a more precise direction before making its next move.
Saylor’s tweet did not specify when MicroStrategy plans to resume its Bitcoin purchases or if the company intends to adjust its investment strategy. However, last weekend, the firm announced a capital raise of $563.4 million by selling 7.3 million shares of its preferred stock to expand its Bitcoin holdings.
Meanwhile, the company has been buying Bitcoins since August 2020, and its holdings exceed 2% of the crypto’s total supply. Today, MicroStrategy holds 471,107 BTC, acquired for approximately $30.4 billion at an average price of $64,511 per coin. This significant holding makes MicroStrategy one of the largest corporate investors in Bitcoin.
MicroStrategy’s 12-Week Purchasing Streak
According to data from Saylortracker, the company’s buying streak began on November 11, 2024, and continued until January 27, 2025. During this period, MicroStrategy spent nearly $20 billion to purchase 225,699 BTC through multiple acquisitions. The average purchase price across the firm’s 12-week buying spree is approximately $88,365 per BTC.
The company’s purchase price varied, ranging from approximately $74,463 to $106,662 per Bitcoin. The top-priced purchase was on December 23, 2024, when MicroStrategy spent $561 million to buy 5,262 BTC. The highest amount was spent on November 25, 2024, when it acquired 55,500 Bitcoins worth $5.4 billion.
Meanwhile, BTC is trading in the $100,000 range after dipping to a low of $92,585. The crypto asset experienced significant volatility, influenced by Trump’s imposed tariff on Canada, Mexico, and China.
