Ah, mon ami! Michael Saylor, the grand maestro of Strategy (once known as MicroStrategy), has declared a temporary ceasefire in his relentless Bitcoin conquest. For seven whole days, the company refrained from adding to its mountainous stash of 478,740 Bitcoins. Quelle horreur! 🥖
It seems the coffers of Strategy’s at-the-market equity program were as dry as a Parisian summer, with nary a class A common stock sold between February 10th and 14th. And so, the Bitcoin-buying frenzy was paused, much to the dismay of crypto enthusiasts everywhere.
Since 2020, Strategy has poured a staggering $31 billion into the digital gold, making it the undisputed champion of Bitcoin hoarding. But alas, even the mightiest must rest.
No New Funds, Strategy Maintains Over 478k BTC Reserves
Last Monday, Strategy unveiled its latest financial performance, revealing a lack of new class A common stock sales. This, of course, led to a slowdown in the company’s Bitcoin-buying spree. C’est la vie!
Last week, @Strategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin. As of 2/17/2025, we hodl 478,740 $BTC acquired for ~$31.1 billion at ~$65,033 per bitcoin. $MSTR
— Michael Saylor (@saylor) February 18, 2025
As of Sunday, Strategy’s Bitcoin treasure chest holds 478,470 coins, acquired at an average price of $65,033 per token. That’s a cool $31.1 billion spent on digital dreams. Mon dieu! 💰
This marks the second time Strategy has halted its Bitcoin purchases due to a lack of revenue. In early February, the company paused its buying spree after no class A common stocks were sold. On February 2nd, Strategy held over 471k BTC, purchased for $30.4 billion. Sacré bleu!
Strategy Reported Positive News Developments
Amidst the Bitcoin drought, Strategy shared some glimmers of hope. The California State Teachers Retirement System (CalSTRS) increased its holdings in the company during the last quarter of 2024, now owning 258.785 shares valued at around $83 million. This investment coincided with Strategy’s rebranding and a surging Bitcoin price. Très bien! 🎉
Despite reporting a net loss of nearly $671 million in Q4, Strategy remains optimistic about its future. However, market analysts are less enthusiastic, with one financial website claiming the company’s stock is overvalued, boasting a current ratio of 0.71. Ooh la la! 📉
Strategy’s Bitcoin Plan Remains A Popular Template For Other Firms
Though Strategy’s Bitcoin purchases have hit a snag, the company remains a beacon of inspiration for other firms. Many small companies are following in Strategy’s footsteps, aggressively buying Bitcoin. According to Coinkite, 78 firms now hold cryptos in their corporate treasuries. Incroyable! 🌍
From advertisers to pharmaceutical companies, the Bitcoin-focused strategy is gaining traction. Fortune reports that OneMedNet, a $30-million healthcare data company, used $4.6 million to purchase Bitcoin. Vive la révolution! 🚀
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2025-02-20 15:17