Michael Saylor’s Strategy pauses weekly bitcoin buys, retains total holdings at 762,099 BTC
Strategy paused its weekly bitcoin purchases for the first time in over a year but maintained its total holdings of 762,099 BTC.Summary
Strategy, the Bitcoin treasury company led by Michael Saylor, halted its routine weekly bitcoin acquisitions between March 23 and March 29, marking the first pause in over a year, as detailed in an SEC 8-K filing. Despite the pause, the company retained its total holdings of 762,099 BTC, valued at approximately $51.6 billion, purchased at an average price of $75,694 per bitcoin. This holding represents over 3.6% of Bitcoin's total supply, resulting in an implied unrealized loss of about $6.1 billion given the current market conditions. The firm typically funds these purchases through its at-the-market (ATM) stock offerings, but no shares were sold or bitcoin purchased during that specific week. Strategy continues to pursue an aggressive capital raise plan, targeting $84 billion through equity offerings by 2027. Meanwhile, analysts at Bernstein maintained an 'outperform' rating on Strategy's MSTR stock, projecting 226% upside, even as the stock fell 9.6% last week.
(Source：The Block)