MicroStrategy Pauses Bitcoin Purchases Amidst Strategic Shift
- MicroStrategy has paused its Bitcoin purchases, as announced by co-founder Michael Saylor.
- The company holds 471,107 Bitcoins, valued at $46.6 billion based on current prices.
- MicroStrategy spent $30.4 billion acquiring these Bitcoins, with recent purchases totaling over $20 billion in 12 weeks.
- The firm’s “21/21 Plan” aims to raise $42 billion for further Bitcoin acquisitions.
- Since its first Bitcoin buy in August 2020, MicroStrategy’s stock price surged from $14.44 to $332.
MicroStrategy has temporarily halted buying Bitcoin after a significant acquisition spree, holding a total of 471,107 coins worth approximately $46.6 billion. The company plans to continue its strategy through the “21/21 Plan” to raise more funds for future purchases.
Source (2.6)https://decrypt.co/304123/microstrategy-hit-pause-on-its-bitcoin-buying-for-now?rand=52368
