End of an Era? MicroStrategy Pauses 3-Month Bitcoin Buying Spree

The world’s largest corporate holder of Bitcoin, MicroStrategy, has just put its massive Bitcoin buying spree on hold. This pause comes after a record-breaking three months of continuous purchases, which started right after the US presidential elections in November 2024. During this time, the company not only broke the record for the single largest purchase of Bitcoin but also nearly doubled its holdings, solidifying its presence in the Bitcoin ecosystem.

MicroStrategy has paused its Bitcoin buying spree after a record-breaking three months, holding over 470,000 BTC. The company’s decision comes at a time of significant market volatility, with Bitcoin’s price tumbling over the weekend.

Understanding the Buying Spree

The US presidential elections marked a significant turning point for investors, especially those in the crypto space. MicroStrategy, already a well-known player in the Bitcoin game, intensified its accumulation of the cryptocurrency starting on November 11, the first Monday after the voting. The source indicated that the company had plans to raise over $40 billion within the next decade, which was announced in late October. This was followed by a massive purchase of 27,200 BTC, valued at over $2 billion at the time, which sent its stock prices soaring.

The source explained that MicroStrategy’s stock became highly tradable in the US market and even entered the so-called ‘Magnificent 8’ – a group of the biggest and most recognizable American companies. Despite the volatility in the market, with the stock price retracing and plunging below $290 at the end of December, the company continued its streak of purchasing Bitcoin for 12 consecutive weeks. The biggest single acquisition came on November 18, worth $4.6 billion at the time, allowing MicroStrategy to purchase 51,780 BTC.

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The Current State of MicroStrategy’s Holdings

As of now, MicroStrategy holds an impressive 471,107 BTC, purchased for $30.4 billion at an average price of $64,511. The source revealed that this week, Michael Saylor, the company’s CEO, announced that MicroStrategy did not sell any shares of class A common stock and did not buy any Bitcoin, marking a pause in its buying spree. This pause comes at an intriguing time, with Bitcoin’s price experiencing a significant tumble over the weekend and on Monday, dropping by over $15,000 since Friday. It’s worth noting that MicroStrategy’s holdings have nearly doubled since September, when it held 244,800 BTC, making its current pause a significant development in the crypto space.

A New Chapter for MicroStrategy and Bitcoin

Source: End Of An Era Microstrategy Pauses 3 Month Bitcoin Buying Spree | Cryptopotato.com

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