Key Points
- MicroStrategy Inc. (NASDAQ: MSTR) ended its three-month Bitcoin buying streak in the week between January 27 and February 2, 2025.
- The business intelligence company currently holds approximately 471,107 BTC, acquired for around $30.4 billion.
MicroStrategy Inc. (NASDAQ: MSTR), known for its consistent Bitcoin purchases, did not buy any Bitcoin between January 27 and February 2, 2025.
This break in purchase was unusual as the company had been regularly buying Bitcoin since early November, funded through the sale of its Class A common stocks.
Long-Term Bitcoin Strategy
According to a post by Michael Saylor, MicroStrategy’s co-founder, the company is committed to Bitcoin for the long term.
The company recently priced its offering of 7.3 million shares of 8 percent of the Series A Perpetual Strike Preferred Stock at $80 per share, raising net proceeds of $563.4 million.
Saylor confirmed that the company did not sell any shares of class A common stock under its at-the-market equity offering program and did not purchase any Bitcoin.
The Series A Perpetual Strike Preferred Stock offering is expected to close on February 5, 2025, after which MicroStrategy is likely to resume its Bitcoin buying spree.
The company is well funded by top-tier institutional investors led by Capital Group, which has over $2 trillion in AUM, and by Norway’s Central Bank’s Norges Bank, which has over $1.7 trillion in AUM.
MicroStrategy’s Market Position
Despite being a strong supporter of the Bitcoin network, MicroStrategy did not buy more BTCs during the recent market correction towards the major support level above $91k.
Bitcoin price signaled a potential rebound toward a new all-time high after rallying beyond $99k on Monday during the mid-New York session.
MicroStrategy has a long-term Bitcoin plan to bolster its balance sheet against macroeconomic uncertainty.
The company, with a total valuation of about $84 billion at the time of this writing, has influenced many other publicly traded companies to follow its Bitcoin strategy.
For instance, Metaplanet Inc. (Tokyo: 3350), a small-cap company with a market cap of about ¥178 billion, has attracted the same shareholders from MicroStrategy due to its BTC plan.
According to market data from Bitcointreasuries, around 3.03 million Bitcoins are held in treasuries of 156 different companies and governments.
