Strategy (MSTR) Breaks 13-Week Bitcoin Buying Streak, Holdings Hold at 762,099 BTC
Summary
Michael Saylor’s Strategy (MSTR) has halted its weekly bitcoin purchases between March 23 and March 29, ending a 13-week streak of acquisitions. The company's total holdings remain at 762,099 BTC, acquired at an average price of $75,694, which represents over 3.6% of Bitcoin's fixed supply, currently showing unrealized losses of about $6 billion. This pause coincides with the firm refraining from issuing new equity via its at-the-market programs, which typically fund its accumulation strategy. Last week, Strategy had purchased 1,031 BTC for $76.6 million before this break. Concurrently, Strategy expanded its capital-raising capacity, authorizing up to $42.1 billion in additional equity and preferred offerings, signaling a strategic shift toward more flexible financing options.
(Source:Bitcoin Magazine)