MSTR may have paused it's BTC accumulation last week
MicroStrategy potentially halted its thirteen-week streak of Bitcoin purchases last week, signaling a possible shift in strategy.Summary
MicroStrategy (MSTR), a major publicly traded holder of Bitcoin, appears to have paused its weekly Bitcoin accumulation, breaking a thirteen-week buying streak that began in late December. Executive Chairman Michael Saylor, who typically announces purchases on X (formerly Twitter), instead promoted the company’s perpetual preferred equity offering. The company currently holds 762,099 Bitcoin, acquired at an average price of $75,694 per token. This pause in buying coincides with MSTR trading significantly below its all-time high and Bitcoin’s price falling under $67,000. Recent market analysis also suggests a potential bearish signal, with bullish Bitcoin long positions on Bitfinex reaching levels not seen since November 2023, historically coinciding with price tops.
(Source：CoinDesk)