MicroStrategy Pauses Bitcoin Buying Spree Ahead of Earnings

MicroStrategy, the software company known for its aggressive Bitcoin purchases, has temporarily halted its weekly acquisitions of the cryptocurrency. The pause comes ahead of the company's earnings report and follows a 12-week streak of significant Bitcoin purchases.

In a statement on X (formerly Twitter), MicroStrategy's co-founder and chairman, Michael Saylor, confirmed the halt in purchases. "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," he wrote.

Despite the pause, MicroStrategy still holds a substantial amount of Bitcoin. As of February 2, 2025, the company holds 471,107 BTC, acquired for approximately $30.4 billion at an average price of around $64,511 per Bitcoin.

MicroStrategy's Bitcoin purchases have been a significant part of its strategy in recent months. The company announced a "21/21 Plan" last year, aiming to raise $42 billion to buy Bitcoin. The plan involves raising $21 billion via equity and another $21 billion through fixed income securities.

The company's stock has soared since it first announced its Bitcoin purchases in August 2020. On that day, MicroStrategy stock was trading for $14.44, and it is now trading for approximately $332, marking a staggering 2,199% increase.

MicroStrategy's aggressive Bitcoin purchases have raised questions about the company's future plans. The temporary halt in purchases signals a strategic rethink, and investors and industry watchers will be keen to see how the company balances its investment strategy amid evolving cryptocurrency dynamics.