Strategy (Formerly MicroStrategy) Pauses Bitcoin Buying Spree, Maintains 478k BTC Reserves

Michael Saylor of Strategy (formerly MicroStrategy) announced that the company didn't purchase new Bitcoins last week, maintaining its holdings at 478,740.

MicroStrategy did not purchase any new Bitcoins last week and paused its aggressive BTC-buying spree, according to a company update on Sunday. The company’s bitcoin holdings now stand at 478,740 tokens.

MicroStrategy Pauses Bitcoin Purchases Again

MicroStrategy (NASDAQ:MSTR) did not sell any class A common stocks, which are available through the at-the-market (ATM) equity program, between February 10th and 14th, according to the latest company disclosures.

The proceeds from the ATM sales are used to finance MicroStrategy’s bitcoin purchases. With no new interests sold last week, the company also paused its bitcoin-buying spree.

Last week, @Strategy 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 2/17/2025, we hodl 478,740 $BTC acquired for ~$31.1 billion at ~$65,033 per bitcoin. $MSTR https://t.co/gDVOokFY8p

— Michael Saylor⚡️ (@saylor) February 18, 2025

As of Sunday, MicroStrategy owns 478,740 bitcoins, purchased at an average market price of $65,033 per token, reflecting a total expenditure of $31.1 billion.

This marks the second time that MicroStrategy has not purchased any bitcoin due to a lack of revenues. In early February, MicroStrategy stopped its bitcoin purchases after no class A common stocks were sold to the investing market.

On February 2nd, MicroStrategy’s bitcoin holdings stood at over 471k BTC, purchased for $30.4 billion.

MicroStrategy Reports CalSTRS, and Other Positive News

MicroStrategy also shared some notable financial news and other investor developments within the company.

The California State Teachers Retirement System (CalSTRS) increased its holdings in MicroStrategy during the last quarter of 2024 and now owns 258,785 shares, valued at around $83 million. The group’s investment came at a time when MicroStrategy completed its rebranding in the context of a surging bitcoin price.

Although the company reported a net loss of nearly $671 million in Q4, it remains optimistic about its plans. However, market analysts paint a different picture of the company. According to one financial website, the MicroStrategy stock is overvalued, with a current ratio of 0.71, reflecting tight liquidity.

MicroStrategy’s bitcoin plan remains a popular template for other firms, large and small. While MicroStrategy’s bitcoin purchases hit a bump this week, the company’s strategy has influenced many smaller companies to aggressively buy bitcoin, too.

According to Coinkite, 78 firms now hold cryptos in their corporate treasuries. Some of these global firms are advertisers and pharmaceutical companies that have adopted the bitcoin-focused strategy.

Fortune reports that OneMedNet, a $30-million company specializing in healthcare data, used $4.6 million to purchase bitcoin.

The article above is a commentary on MicroStrategy’s latest financial performance and bitcoin holdings, based on the company’s disclosures and other relevant market updates.