The company’s strategy reportedly paused Bitcoin accumulation last week, ending a 13-week consecutive buying streak. The firm also appears to have skipped its weekly Bitcoin purchase notice since late December. The halt coincided with a pause in a 13-week streak that had accumulated 90,831 BTC.

MicroStrategy’s stock has fallen about 77% from its November 2024 high. CEO Michael Saylor typically posts a Sunday buy signal on X (formerly Twitter) and issues a detailed Monday update, but this Sunday did not include a buy signal. The usual Sunday “Orange Dot” post did not signal a buy.

The dashboard shows it holds 762,099 BTC at an average cost of $75,694 per BTC. Buying activity remains well below its peak, with Bitcoin trading around $67,000. The pause comes as Bitcoin prices hover near multi-month lows and the stock remains well below its highs.

SPONSORED

Leave a Reply

Sponsored

More Articles

Trending

Discover more from Rich by Coin

Subscribe now to keep reading and get access to the full archive.

Continue reading