MicroStrategy Halts Bitcoin Purchases Ahead of Earnings Release
- MicroStrategy did not purchase bitcoin last week, ending a 12-week buying streak.
- The company holds a total of 471,107 bitcoins.
- Since November 11, MicroStrategy has acquired 218,887 bitcoins.
- A potential reason for the pause is the upcoming earnings release on February 5.
- MicroStrategy announced a $250 million preferred share offering to buy more bitcoin.
MicroStrategy paused its bitcoin purchases last week, maintaining its holdings at 471,107 bitcoins. This decision coincides with the company’s upcoming earnings release scheduled for February 5.
Source (2.6)https://www.coindesk.com/markets/2025/02/03/microstrategy-pauses-weekly-bitcoin-purchases-ahead-of-earnings?rand=52298
