Bitcoin: MicroStrategy Halts Purchases Holds 478740

MicroStrategy Pauses Bitcoin Purchases and Share Sales

• MicroStrategy, now known as Strategy, did not purchase Bitcoin or sell shares last week.
• The company typically bought Bitcoin in thirteen of the previous fourteen weeks.
• Strategy holds 478,740 BTC, acquired for $31.1 billion at an average price of $65,033 per Bitcoin.
• The company’s stock (MSTR) is trading at approximately $336, down since the market opened but up over 16% year-to-date.
• JP Morgan recently purchased $100 million worth of MSTR shares.

MicroStrategy’s decision to pause both Bitcoin purchases and share sales is notable given its consistent acquisition strategy in recent weeks. The company maintains its status as the largest public holder of Bitcoin with a total of 478,740 BTC.