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Strategy may have halted Bitcoin purchases last week, concluding a thirteen-week acquisition period.
The firm seemed to have omitted its weekly bitcoin acquisition announcement for the first time since late December.
Key points:
- Strategy did not appear to make any bitcoin acquisitions last week, halting a streak of 13 consecutive weekly purchases.
- MSTR is approximately 77% lower than its peak in November 2024.
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Strategy (MSTR), recognized as the largest publicly traded holder of bitcoin, did not seem to augment its BTC holdings last week.
Executive Chairman Michael Saylor typically indicates forthcoming purchases on X every Sunday, followed by a detailed report around 8 a.m. ET on Monday. However, there was no usual Sunday “Orange Dot” announcement to indicate a purchase. Instead, Michael Saylor shared information regarding the company’s perpetual preferred equity offering, Stretch (STRC).
This apparent halt terminates a sequence of about thirteen consecutive weekly acquisitions that commenced in late December, during which 90,831 BTC were obtained.
As per the company’s dashboard, the firm located in Tysons Corner, Virginia currently possesses 762,099 bitcoin at an average purchase price of $75,694 per token.
The interruption in buying activity occurs while MSTR remains around 76% below its all-time high and bitcoin is priced under $67,000.
