MicroStrategy Pauses Bitcoin Purchases After 12 Weeks, Focuses on New $563 Million Fundraising

• MicroStrategy Pauses Bitcoin Purchases After 12 Consecutive Weeks
• Company holds 471.107 BTC, valued at $44 billion
• $563,4 million fundraising targets new Bitcoin acquisitions

MicroStrategy, known for its aggressive Bitcoin accumulation strategy, has halted its 12-week streak of weekly Bitcoin purchases. The announcement was made on February 3, 2025, after the company revealed that it had not purchased any new Bitcoin between January 27 and February 2.

At the time of publication, the price of Bitcoin was quoted at US$99.063,95, up 2% in the last 24 hours.

The pause comes amid the recent launch of a Series A preferred stock offering, which saw the issuance of 7,3 million shares at a price of $80 each, raising $563,4 million. According to MicroStrategy, the proceeds will be used for “general corporate purposes, including the acquisition of Bitcoin.” The transaction is expected to close on February 5, subject to customary market conditions.

Last week, MicroStrategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin. As of 2/2/2025, we hodl 471,107 $ BTC acquired for ~$30.4 billion at ~$64,511 per bitcoin. $ MSTR https://t.co/QTBWl8KlNv

- Michael Saylor⚡️ (@saylor) February 3, 2025

Despite the pause, MicroStrategy remains one of the largest corporate holders of Bitcoin, with 471.107 BTC on its balance sheet, acquired for approximately $30,4 billion, at an average price of $64.511 per unit, including fees and expenses. The current value of the company’s Bitcoin reserves is estimated to be around $44 billion, even amid the recent crypto market correction that has seen the price of Bitcoin hover around $96.000.

MicroStrategy CEO Michael Saylor stressed that the company’s strategy remains focused on expanding its Bitcoin holdings. “We are committed to our long-term vision for Bitcoin, and our recent fundraising is part of that strategy,” Saylor said. The company’s aggressive approach has influenced other companies in the sector, such as Marathon Digital and Riot Platforms, which are also expanding their cryptocurrency holdings while operating mining operations.

The decision to temporarily halt purchases may be related to the financial blackout period leading up to the company's fourth-quarter earnings release, scheduled for Feb. 5. During such periods, it is common for public companies to suspend significant trading to avoid regulatory conflicts and ensure compliance with U.S. Securities and Exchange Commission (SEC) rules.

Additionally, MicroStrategy still has $4,35 billion in outstanding equity offerings, which can be used for future Bitcoin purchases. This reinforces the company’s role as a leading advocate for institutional adoption of the cryptocurrency, cementing its position in the global crypto market.