MicroStrategy Halts Bitcoin Buying Spree

MicroStrategy, a software company known for its significant investment in Bitcoin, has temporarily halted its Bitcoin purchases. The company, which has been actively acquiring the cryptocurrency for the past 12 weeks, announced the pause in its buying spree last week.

Michael Saylor, the co-founder and chairman of MicroStrategy, confirmed the halt on X (formerly Twitter), stating that the company did not purchase any Bitcoin last week. Despite the pause, MicroStrategy still holds a substantial amount of Bitcoin, with a current holding of 471,107 coins, valued at approximately $46.6 billion at the current Bitcoin price.

MicroStrategy's aggressive Bitcoin buying spree began towards the end of last year and continued into early 2025. During this period, the company spent over $20 billion on Bitcoin, significantly increasing its holdings. The company's "21/21 Plan" aims to raise $42 billion to further invest in Bitcoin, with half of the funds coming from equity and the other half from fixed income securities.

MicroStrategy's stock has soared since the company first announced its Bitcoin investment in August 2020. The stock price has increased by 2,199% from $14.44 to $332. The company's success in the cryptocurrency space has also led to its inclusion in the Nasdaq-100 index alongside tech titans like Apple and Microsoft.

The temporary halt in Bitcoin purchases raises questions about MicroStrategy's future plans for its cryptocurrency holdings. Investors and industry watchers will be keen to see how the company balances its investment strategy amid evolving cryptocurrency dynamics. As MicroStrategy navigates the market, it will continue to hold a significant position in the Bitcoin market, with over $30.4 billion invested in the cryptocurrency.