Key Points:
- MicroStrategy Bitcoin investment remained unchanged between January 27 and February 2, ending a 12-week buying streak.
- Since October 2024, MicroStrategy has bought over $20 billion in Bitcoin, now holding more than 2% of the total supply.
MicroStrategy, the largest corporate holder of Bitcoin, has temporarily paused its months-long buying spree of the cryptocurrency.
Read more: MicroStrategy Bitcoin Holdings Surge $563M for Future Gains
MicroStrategy Bitcoin Investment Has Been Unchanged Over The Past Week
The company confirmed on February 3, 2025, that it did not purchase any Bitcoin between January 27 and February 2, marking a break after 12 consecutive weeks of acquisitions.
The Virginia-based enterprise software firm, led by Michael Saylor, had been aggressively buying Bitcoin since late October 2024. The MicroStrategy Bitcoin investment period coincided with a significant rally in the cryptocurrency market, partly spurred by former President Donald Trump’s pro-crypto stance following his reelection.
Over this time, MicroStrategy added more than $20 billion in Bitcoin to its holdings, bringing its total to approximately $44.7 billion—representing over 2% of the total Bitcoin supply.
Capital Strategy Drives Future Investments
The company has been raising capital through stock sales and convertible debt offerings to fund MicroStrategy Bitcoin investment. Last week, the company secured $563 million by selling perpetual preferred stock. It aims to raise $42 billion by 2027 through various financial instruments, including at-the-market equity sales.
Hedge funds have played a role in driving demand for MicroStrategy’s financial instruments, particularly through convertible arbitrage strategies. These funds have been purchasing the company’s bonds while short-selling its stock, capitalizing on price volatility.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Latest
Crypto Fear Index Shows Slight Rise to 33, Market Remains Cautious
Press Release
Gate.io’s 12-Year Milestone: Ecosystem Reconstruction and Future Blueprint Behind GT’s Value Surge
USDh Powers Zest Liquidations to Deliver Deeper Stablecoin Liquidity on Stacks
