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 hits $82,000, Coinbase leads crypto stock gains as Clarity Act advances

The upbeat public debut of AI chipmaker Cerebras is...

CFTC Issues No-Action Letter on Prediction Market Data Reporting

The US Commodity Futures Trading Commission’s (CFTC) market and...

CLARITY Act Clears Senate Banking Committee With Bipartisan Backing—Next Stop: Full Senate

Trusted Editorial content, reviewed by leading industry experts and...

Cerebras shares skyrocket 100% after $5.5B IPO amid AI stock frenzy

The AI infrastructure company began trading Thursday as investors...

Rivian Spinoff Raises $400M for Industrial Robots

Mind Robotics, an industrial robotics startup spun off from...