MSTR may have paused it’s BTC accumulation last week

Share This Post

Strategy (MSTR), the largest publicly traded holder of bitcoin, did not seem to have increased its BTC position last week.

Executive Chairman Michael Saylor usually signals upcoming purchases on X each Sunday, followed by a detailed update around 8 a.m. ET on Monday. There was no customary Sunday “Orange Dot” post to signal a purchase. Instead, Michael Saylor posted about the company’s perpetual preferred equity offering, Stretch (STRC) instead.

The apparent pause snaps a streak of roughly thirteen consecutive weekly purchases that began in late December, acquiring 90,831 BTC in the process.

According to the company’s dashboard, the Tysons Corner, Virginia-based firm currently holds 762,099 bitcoin at an average acquisition price of $75,694 per token.

The break in buying activity comes with MSTR still trading about 76% below its all-time high and bitcoin below $67,000.

Related Posts

Bitcoin remains below key onchain and technical levels, leaving it in no man’s land

Bitcoin BTC$59,904.96 is currently trading below $60,000, placing it...

Crypto exchange BitMEX removes CEO, CFO and head of growth

BitMEX, the troubled cryptocurrency exchange reportedly looking for a...

BitGo Cuts Nearly 15% of Staff Six Months After IPO, Refocuses on Stablecoins and AI

Crypto custodian BitGo is cutting approximately 15% of its...

Bitcoin Trader Says ‘It’s 2022 Again’ As RSI Offers A Classic Bull Signal

Bitcoin (BTC) continued its battle to reclaim $60,000 into...

Dubai Crypto Market Reaches 50 Licensed Firms Under VARA

The Virtual Assets Regulatory Authority (VARA), Dubai's crypto regulator,...