Michael Saylor's company, Strategy, which transitioned from software development to acquiring Bitcoin, has not purchased during the latest market dip amid changing conditions. Last year, Strategy bought Bitcoin 18 times, largely influenced by President Trump's reelection. This year, it has reported six purchases, maintaining its total at 499,096 Bitcoin, purchased at an average price of $97,500 each. The company's inability to buy more Bitcoin now reflects financial challenges related to market conditions and reduced capital. Spot Bitcoin ETFs have seen significant outflows, as reported recently. Predictions suggest minimal likelihood of new purchases by Strategy in the immediate future, as market corrections have raised their cost of capital, hindering further acquisitions. Despite a recent stock price drop of 18%, Strategy remains focused on aligning its capital-raising efforts, such as through convertible notes and a recent STRK offering, which further emphasizes its commitment to Bitcoin acquisition strategy.

Source đź”—