Michael Saylor Announces Pause in Bitcoin Purchases as Holdings Reach $79 Billion
- Michael Saylor’s firm, Strategy, will not make its routine Bitcoin purchases this week.
- The company’s total Bitcoin holdings are valued at approximately $79.4 billion, nearly double the amount from the previous year.
- Strategy recently acquired BTC worth $22.1 million at an average price of $113,048 per coin.
- The firm has accumulated a total of 640,031 BTC for a cost basis of $47.35 billion.
- Saylor emphasized that the pause is part of a long-term accumulation strategy, with their holdings now representing about 3% of Bitcoin’s circulating supply.
The decision to pause purchases follows significant growth in Strategy’s Bitcoin portfolio, which has surpassed the market capitalization of major banks like Barclays and Deutsche Bank. This reflects ongoing confidence in HODL strategies despite market fluctuations.
With current holdings valued at $79 billion and a recent acquisition adding over $22 million in BTC, Strategy remains the largest corporate Bitcoin treasury globally.
