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MicroStrategy Skips Bitcoin Buy After 12-Week Streak

MicroStrategy skipped its Bitcoin buy for the first time in three months, despite holding $4.35B in available equity for future purchases.

MicroStrategy Halts Bitcoin Buys After 12 Weeks

For the first time in three months, MicroStrategy did not purchase Bitcoin, according to a Form 8-K filing with the SEC. This pause follows 12 consecutive weeks of BTC acquisitions.

The company also did not sell any Class A common shares from its at-the-market (ATM) program between January 27 and February 2. Despite this, MicroStrategy still has $4.35 billion in available equity offerings to fund potential future Bitcoin buys.

MicroStrategy’s $42B “21/21” Bitcoin Strategy

Michael Saylor’s “21/21” strategy aims to invest $42 billion in Bitcoin, leveraging the firm’s ATM offering. To expand its capital-raising efforts, MicroStrategy also introduced a preferred stock offering, STRK, designed to fund additional BTC acquisitions.

This new investment channel quickly gained traction, attracting $563.4 million from investors in just a week.

MicroStrategy Holds 471,107 BTC Amid Market Correction

As of February 3, MicroStrategy holds 471,107 BTC, worth approximately $44 billion. Meanwhile, Bitcoin’s price has dropped to $96,000, following a broader market correction fueled by mass liquidations.

During its 12-week buying spree, the company spent nearly $20 billion on Bitcoin, acquiring over $1 billion worth of BTC on at least two occasions.

MicroStrategy’s Impact on Institutional Bitcoin Adoption

MicroStrategy’s aggressive BTC accumulation strategy has influenced other firms, including Marathon Digital and Riot Platforms. Both companies are expanding their Bitcoin holdings while continuing their mining operations.

As institutions increase their exposure to Bitcoin, MicroStrategy remains a key player in corporate BTC adoption.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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