MicroStrategy Halts Bitcoin Buying Spree, Holdings Steady at 762K BTC

Published 1 day ago2 minute read
David Isong
David Isong
MicroStrategy Halts Bitcoin Buying Spree, Holdings Steady at 762K BTC

Michael Saylor’s Strategy has halted its weekly bitcoin purchases for the first time in over a year, maintaining total holdings at 762,099 BTC.

The company didn’t disclose an SEC filing this week. That means it made no bitcoin acquisitions between March 23 and March 29, snapping a 13-week buying streak that added more than 90,000 BTC.

Strategy’s stack, acquired at an average price of $75,694 , and represents over 3.6% of Bitcoin’s fixed 21 million supply, with unrealized losses of roughly $6 billion at current prices.

The pause comes as the firm refrains from issuing new equity through its at-the-market programs, which have historically funded its aggressive bitcoin accumulation strategy.

Just the previous week, Strategy had purchased 1,031 bitcoin for $76.6 million at an average price of $74,326.

Source: Google

This marked a noticeable slowdown in acquisitions after the company had deployed over $1 billion in the two weeks prior to that.

Also last week, Strategy moved to significantly expand its capital-raising capacity, adding new Wall Street sales agents and authorizing up to $42.1 billion in additional at-the-market equity and preferred offerings.

The company established new programs to issue up to $21 billion in common stock, $21 billion in STRC preferred shares, and $2.1 billion in STRK preferred,while continuing to utilize existing shelf registrations.

It also restructured its preferred stock mix by sharply increasing authorization for its floating-rate STRC series and reducing STRK shares, signaling a strategic tilt toward more flexible, rate-linked financing.

Source: Google

Strategy is best understood as a bitcoin treasury company, a public firm that raises capital to acquire and hold Bitcoin, effectively turning its stock into a leveraged proxy for the asset.

Led by Saylor, the company has pivoted from enterprise software over the last few years to aggressively accumulating bitcoin through equity, debt, and preferred stock, framing the approach as a long-term bet on BTC as “digital capital.”

The price of bitcoin has declined over the past five days, starting near the $71,000–72,000 range before sliding steadily lower over the weekend.

Last Friday, a sharp dip pushed the bitcoin price down toward the mid-66,000s. After that, the market moved sideways with small fluctuations, showing limited momentum.

At the time of writing, Strategy shares are around $130 a share.

Loading...
Loading...
Loading...

You may also like...