MicroStrategy, the software giant known for its aggressive Bitcoin accumulation strategy, has taken a pause in its buying spree. As of February 2, the company holds a staggering 471,107 BTC, valued at over $30 billion, but has halted further purchases for now.
Breaking the Buying Pattern
Michael Saylor, the company’s executive chairman, announced via X (formerly Twitter) on February 3 that MicroStrategy did not sell any of its stock shares for Bitcoin between January 27 and February 2. This marks a notable shift, as the company had consistently acquired Bitcoin for 12 consecutive weeks leading up to this moment.
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
This break comes just a week after MicroStrategy’s $1 billion BTC purchase, where it added over 10,000 BTC to its reserves. Since its first acquisition in August 2020—a 21,454 BTC purchase worth $250 million—the firm has cemented itself as one of the largest institutional Bitcoin holders.
The news coincided with a turbulent weekend for Bitcoin prices. BTC briefly dipped below $100,000 as markets reacted to U.S. President Donald Trump’s announcement of new tariffs on China, Mexico, and Canada, with potential extensions to the EU. However, prices have since rebounded to $98,000 following Mexico’s negotiations to delay the tariffs by a month.
Other Companies and Governments Enter the Bitcoin Game
MicroStrategy’s long-standing Bitcoin accumulation strategy has inspired other companies to follow suit. Recently, Semler Scientific and Rumble announced major BTC acquisitions, and crypto mining firm MARA disclosed a 44,394 BTC reserve as of December.
Rumble $RUM Announces Bitcoin Treasury Strategy
— Chris Pavlovski 🏴☠️ (@chrispavlovski) November 25, 2024
I wasn't joking when I said I was going to be laser focused on the crypto and gaming communities.
It's a new era. https://t.co/dyEu2YPUyY
Governments are also exploring Bitcoin reserves. In January, Trump signed an executive order to form a working group assessing Bitcoin as a national strategic asset. Meanwhile, the Czech National Bank voted to consider alternative asset classes, possibly hinting at interest in BTC.
While MicroStrategy has hit the pause button on Bitcoin purchases, Saylor’s track record suggests this is unlikely to be a permanent halt. Whether this is a temporary strategy adjustment or a sign of a longer-term shift remains to be seen.
HODL Team
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