MicroStrategy Ends 12-Week Bitcoin Buying Streak, Holds $44 Billion Stash
MicroStrategy, a leading software design company, has ended its 12-week consecutive Bitcoin buying streak. According to recent Form 8-K disclosure documents filed with the U.S. Securities and Exchange Commission, the firm did not execute a Bitcoin purchase for the first time in three months.
Current Holdings and Future Plans
As of February 2, 2025, MicroStrategy holds 471,107 Bitcoin acquired for approximately $30.4 billion at an average price of $64,511 per Bitcoin. The company’s current stash is valued at around $44 billion. MicroStrategy’s executive chairman, Michael Saylor, announced the update on his Twitter account, stating that the company will continue to hodl its Bitcoin holdings.
As of 2/2/2025, we hodl 471,107 $BTC acquired for ~$30.4 billion at ~$64,511 per bitcoin.
MicroStrategy plans to fund its “21/21” strategy with its at-the-market (ATM) offering, a plan created by Saylor to invest $42 billion in Bitcoin. The company also debuted its preferred stock offering called STRK, which attracted $563.4 million in investor cash shortly after its launch.
Impact on the Market
MicroStrategy’s aggressive accumulation strategy has influenced other firms, such as Marathon Digital and Riot Platform, which have also been building Bitcoin treasuries while operating mining businesses. The company’s 12-week buying spree saw it spend around $20 billion on Bitcoin, acquiring as much as $1.1 billion worth of tokens on at least two occasions.
As the Bitcoin market experiences a correction fueled by mass liquidations, MicroStrategy’s decision to hold its Bitcoin stash may be seen as a strategic move. Saylor’s company will likely continue to monitor the market and make future purchases as part of its “21/21” strategy.
Stay up-to-date with the latest news and developments in the world of cryptocurrencies and finance by visiting Global Crypto News.