Crypto World
MSTR may have paused it’s BTC accumulation last week
Strategy (MSTR), the largest publicly traded holder of bitcoin, did not seem to have increased its BTC position last week.
Executive Chairman Michael Saylor usually signals upcoming purchases on X each Sunday, followed by a detailed update around 8 a.m. ET on Monday. There was no customary Sunday “Orange Dot” post to signal a purchase. Instead, Michael Saylor posted about the company’s perpetual preferred equity offering, Stretch (STRC) instead.
The apparent pause snaps a streak of roughly thirteen consecutive weekly purchases that began in late December, acquiring 90,831 BTC in the process.
According to the company’s dashboard, the Tysons Corner, Virginia-based firm currently holds 762,099 bitcoin at an average acquisition price of $75,694 per token.
The break in buying activity comes with MSTR still trading about 76% below its all-time high and bitcoin below $67,000.
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