Strategy Sits Tight On 478K Bitcoin—No New Purchases In Last 7 Days

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🚨📉 Bitcoin Billionaire’s Big Pause 📉🚨

Strategy Sits Tight On 478K Bitcoin—No New Purchases In Last 7 Days

Oh dear, oh dear! It seems the Bitcoin buying binge has come to an abrupt halt! Michael Saylor, the esteemed CEO of Strategy (formerly MicroStrategy), announced that his company hasn’t purchased a single new Bitcoin in the past week. The holdings remain at a whopping 478,740. One wonders, what’s behind this pause? Is it a case of “Bitcoin fatigue”? 🤔

The proceeds from the ATM sales finance the company’s Bitcoin purchases, and with no new interests, the company has put its aggressive Bitcoin-buying spree on hold. It’s like a big, fat, juicy pause button has been pressed! 🚫

Strategy is known for its Bitcoin-focused business model and has already invested over $31 billion in the world’s top digital asset since 2020. That’s a whole lotta Bitcoin! 📈

No New Funds, Strategy Maintains Over 478k BTC Reserves

Strategy disclosed its latest financial performance last Monday. With no new class A common stocks sold from February 10th to 14th under its ATM equity program, the company has also slowed its Bitcoin-buying spree. It’s like they’re saying, “Hold on to your hats, folks! We’re taking a little breather!” 🤠

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 owns 478,470 Bitcoins, purchased at an average market price of $65,033 per token, reflecting a total expenditure of $31.1 billion. That’s a whole lotta cash! 💸

This is the second time that the company has not purchased any Bitcoin due to a lack of revenues. In early February, Strategy stopped its Bitcoin purchases after no class A common stocks were sold to the investing market. Last February 2nd, Saylor’s company held over 471k BTC and purchased for $30.4 billion. It’s like they’re saying, “We’ll get back to buying Bitcoin when the time is right!” 🕰️

Strategy Reported Positive News Developments

Strategy also shared some notable financial news and other investor developments within the company. For example, the California State Teachers Retirement System (CalSTRS) increased its holdings in the company in the last quarter of 2024 and now owns 258.785 shares, valued at around $83 million. The group’s investment came at a time when Strategy completed its rebranding in the context of a surging Bitcoin price. It’s like they’re saying, “We’re on a roll!” 🎉

Although the company reported a net loss of nearly $671 million in Q4, it remains optimistic about its plans. However, market analysts paint a different picture of the company. According to one financial website, the Strategy stock is overvalued, with a current ratio of 0.71, reflecting tight liquidity. It’s like they’re saying, “Uh-oh, maybe we should’ve thought this through!” 🤦‍♂️

Strategy’s Bitcoin Plan Remains A Popular Template For Other Firms

Although Strategy’s Bitcoin purchases hit a bump this week, the company remains one of the most influential crypto companies today. Many small companies are copying the Strategy playbook and aggressively buying Bitcoin, too. According to Coinkite, 78 firms now hold cryptos in their corporate treasuries. It’s like they’re saying, “We’re all in on Bitcoin!” 🚀

Some of these global firms are advertisers and pharmaceutical companies that have adopted the Bitcoin-focused strategy. Fortune reports that OneMedNet, a $30-million company specializing in healthcare data, used $4.6 million to purchase Bitcoin. It’s like they’re saying, “We’re in it for the long haul!” 🚂

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2025-02-20 11:47