MicroStrategy Halts Bitcoin Buying for Now
MicroStrategy has paused its Bitcoin purchases after spending $20 billion over just 12 weeks. The company's co-founder and chairman, Michael Saylor, confirmed on social media that last week they did not sell any shares or buy additional Bitcoin. As of February 2, 2025, MicroStrategy holds 471,107 Bitcoins, valued at approximately $46.6 billion, having invested about $30.4 billion at an average of $64,511 per Bitcoin. The recent aggressive buying followed the company's announcement of a plan to raise $42 billion to buy more Bitcoin, with $21 billion to come from equity and the other half from selling fixed income securities. MicroStrategy, which was previously focused on data analysis software, has shifted its primary focus to Bitcoin, significantly driving its stock price from $14.44 at its first Bitcoin purchase in August 2020 to $332 currently. The firm also joined the Nasdaq-100 index in December 2024, alongside major tech companies.
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