Last week, Strategy (MSTR), the largest publicly traded entity holding bitcoin, appeared to maintain its current position without any increase in its $BTC holdings.
Typically, Executive Chairman Michael Saylor announces potential purchases on X every Sunday and follows up with a comprehensive update around 8 a.m. ET on Mondays. However, this time there was no expected Sunday “Orange Dot” post indicating a new acquisition. Instead, Saylor shared information regarding the company’s perpetual preferred equity offering known as Stretch (STRC).
This noticeable pause interrupts an impressive run of approximately thirteen consecutive weeks of acquisitions that commenced in late December when they accumulated 90,831 $BTC.
<pAs per the latest data from the company’s dashboard, the firm based in Tysons Corner, Virginia now possesses 762,099 bitcoins at an average purchase price of $75,694 for each token.
The halt in purchasing activity occurs while MSTR continues to trade about 76% lower than its peak value and with bitcoin prices remaining below $67,000.