Key Takeaways:
- MicroStrategy has paused Bitcoin purchases after accumulating 471,107 BTC, valued at $30 billion.
- The company did not sell any stock shares between Jan. 27 and Feb. 2, marking a break from its usual funding strategy.
- Bitcoin briefly dipped below $100,000 amid U.S. tariff news but rebounded to $98,000 after Mexico secured a delay.
MicroStrategy, the largest corporate holder of Bitcoin, has temporarily paused its Bitcoin purchases after 12 consecutive weeks of acquisitions.
Since its initial $250 million Bitcoin purchase in August 2020, the company has amassed 471,107 BTC, now valued at approximately $30 billion.
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
Executive Chairman Michael Saylor confirmed that MicroStrategy has stopped selling common stock shares to fund additional acquisitions.
This update follows the company’s latest purchase of over 10,000 BTC, valued at $1 billion, just a week earlier.
The halt in purchases comes after a period of aggressive accumulation that began in November 2024, prior to the U.S. elections.
While the company did not provide a reason for the pause, it signals a shift in its buying strategy.
Meanwhile, Bitcoin’s price briefly dropped below $100,000 over the weekend due to market reactions to new tariffs announced by U.S. President Donald Trump on China, Mexico, and Canada, with potential extensions to the European Union.
However, the price later rebounded above $98,000 after Mexican President Claudia Sheinbaum negotiated a one-month delay on the tariffs.
MicroStrategy’s decision to pause Bitcoin purchases adds further intrigue to the market’s current volatility.