MicroStrategy Halts Bitcoin Buying Streak After 12 Weeks
- MicroStrategy ended a 12-week bitcoin buying streak, purchasing around $20 billion worth in recent months.
- The firm’s total bitcoin holdings stand at 471,107 BTC, valued over $44 billion.
- Bitcoin was acquired at an average price of $64,511 per coin, totaling about $30.4 billion in costs.
- No shares were sold under its equity offering program between Jan. 27 and Feb. 2.
- MicroStrategy’s market cap is $84.1 billion, trading at a premium to its bitcoin net asset value.
MicroStrategy has paused its bitcoin acquisition strategy after spending approximately $20 billion over the past few months, maintaining total holdings of 471,107 BTC without selling additional shares recently.
Source (2.6)https://www.theblock.co/post/338480/microstrategy-ends-weekly-bitcoin-buying-streak
