MicroStrategy Halts Bitcoin Purchases, Plans to Hodl $30B in BTC
MicroStrategy has announced that it will no longer purchase additional Bitcoin, maintaining its holdings of 471,107 BTC which it acquired for over $30 billion since its first investment in August 2020. Executive Chair Michael Saylor confirmed via social media that the company had suspended its previous practice of selling shares to fuel its Bitcoin purchases. Between January 27 and February 2, the firm did not sell any stock, just one week after declaring its holdings worth about $1 billion. This decision ends a streak of 12 weeks of active purchases, marking a shift in strategy for one of the largest Bitcoin holders. While Bitcoin's price fell below $100,000 amid geopolitical tensions and tariff announcements, MicroStrategy remains a steadfast proponent of Bitcoin as a core reserve asset, following a trend seen among various corporate and governmental entities considering Bitcoin in their financial strategies.
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