Software business MicroStrategy has stopped buying Bitcoin—for today, anyhow.
The” Bitcoin government business,” which primarily securitizes the biggest bitcoin, had been on a haystack, snatching up huge sums of the property for 12 months straight.
But on Monday night New York time, the agency’s co-founder and chair Michael Saylor said on X, previously Online, that the company halted its purchases last year.
” Next week, MicroStrategy did not sell any stock of class A common property under its at-the-market capital giving system, and did not purchase any Bitcoin”, he wrote.
Still, the company holds 471, 107 coins ( worth$ 46.6 billion at the current Bitcoin price ) and has spent$ 30.4 billion on buying the asset over the years.
The bulk of that purchase has happened lately, though. MicroStrategy accelerated its Bitcoin purchases toward the end of last year and the beginning of 2025, spending more than$ 20 billion on the asset in 12 weeks.
Tysons, Virginia-based MicroStrategy last year announced a” 21/21 Plan” to raise$ 42 billion to buy Bitcoin. The schedule means the company will boost$ 21 billion via capital, with another$ 21 billion coming by selling fixed income securities.
MicroStrategy used to typically buy data study program, but then buys and holds Bitcoin. Investors have also been purchasing stocks of MicroStrategy to gain exposure to the orange gold without having to worry about keeping it in storage.
When the U.S. was hit by COVID lockdowns and the Fed’s attention charges were lowered, Saylor claimed his business was struggling. He made the claim that Bitcoin was the best way to hold benefit and protect the company’s finances when it was discovered.
MicroStrategy property has since soared. The company announced its first Bitcoin purchase in August 2020, and it was trading for$ 14.44 at the time, and it is now trading for$ 332. That’s a 2, 199 % increase.
In December, MicroStrategy joined the Nasdaq-100, an indicator of the top 100 non-financial businesses on the Nasdaq stock market, alongside tech titans like Apple and Microsoft.
The company made the announcement last week that it had determined the price of its innovative stock, known as STRK, and that it would use it to raise money to acquire yet more Bitcoin for its treasury.
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