Key Takeaways
- MicroStrategy has paused Bitcoin purchases after 12 weeks.
- The company holds 471,107 BTC worth over $30 billion.
- Bitcoin briefly fell below $100K amid U.S. tariff concerns.
MicroStrategy has stopped purchasing Bitcoin after 12 straight weeks of acquisitions, according to executive chairman Michael Saylor.
The firm currently holds 471,107 BTC, valued at over $30 billion, as of February 2.
In an X post on February 3, Saylor confirmed that MicroStrategy had not sold any shares of its common stock between January 27 and February 2.
Last week, MicroStrategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin. As of 2/2/2025, we hodl 471,107 $BTC acquired for ~$30.4 billion at ~$64,511 per bitcoin. $MSTR https://t.co/QTBWl8KlNv
— Michael Saylor⚡️ (@saylor) February 3, 2025
This pause follows the company’s announcement on January 27 that it had bought more than 10,000 BTC for approximately $1 billion.
Company history with Bitcoin
MicroStrategy first entered the Bitcoin market in August 2020 with a $250 million purchase of 21,454 BTC.
Over the years, it has become one of the largest Bitcoin-holding companies.
Market response
Bitcoin briefly dropped below $100,000 over the weekend as markets reacted to U.S. President Donald Trump’s announcement of new tariffs on China, Mexico, and Canada, with potential expansion to the European Union.
However, BTC rebounded above $98,000 following news that Mexico’s president, Claudia Sheinbaum, had reached a deal to delay the tariffs by a month.
Industry developments
Several companies, including Semler Scientific and Rumble, have recently invested millions in Bitcoin.
Meanwhile, Trump signed an executive order on January 23 to explore a national Bitcoin reserve strategy, and the Czech National Bank is considering diversifying its reserves.
