Michael Saylor Verifies No Fresh Bitcoin Acquisitions by Strategy as Equity Program Remains Inactive
In a recent statement, executive chairman Michael Saylor revealed that Strategy, previously recognized as MicroStrategy, refrained from acquiring any new Bitcoin last week, holding steady at a substantial 478,740 BTC. This decision reflects a deliberate pause in their investment strategy due to the absence of sales in their class A common stock facilitated by their at-the-market (ATM) equity program.
As shared in Saylor’s communication on X.com, no transactions involving the class A common stock were recorded from February 10 to February 14, 2025. The equity program, aimed at supporting their Bitcoin procurement efforts, typically generates funds through share sales. Since 2020, Strategy has invested close to $31.1 billion in Bitcoin, with a significant portion of this sum originating from equity sales. The current holding of 478,740 Bitcoin is valued over $46 billion, considering the cryptocurrency’s trading price below $97,000.
This hiatus in purchasing marks the second instance in approximately 14 weeks where Strategy has chosen not to expand its Bitcoin reserves, resembling a similar event in early February when no new shares were available for sale.
Notable in Saylor’s update is the confirmation that the company intends to resume its routine Bitcoin acquisitions, having reported spending $742 million on Bitcoin per recent filings with the U.S. Securities and Exchange Commission. Presently, Strategy is acknowledged as the most significant publicly traded Bitcoin holder, competing strongly with traditional finance institutions investing in spot Bitcoin exchange-traded funds (ETFs). Strategy’s holdings only trail BlackRock’s ETF, which manages $57 billion in assets, while surpassing Bitcoin volumes held by prominent entities such as Fidelity and Grayscale, as indicated by SoSoValue data.
Michael Saylor’s recent statement sheds light on Strategy’s role within the ever-changing cryptocurrency sector, emphasizing its approach of utilizing capital from its equity program to secure Bitcoin.
Finally, despite the current pause on purchases, Strategy’s investment strategy and the scale of its Bitcoin reserves continue to redefine its market positioning. The implications of this temporary halt may signal a broader strategic examination or be influenced by market conditions, warranting close observation as the cryptocurrency landscape progresses.
