Has MicroStrategy Definitively Put An END To Its Bitcoin Purchases?

MicroStrategy, known for its massive commitment to bitcoin, has surprised the markets by temporarily suspending its BTC purchases. According to an announcement by Michael Saylor on February 3, 2025, the company has not acquired any bitcoin for a week now. This pause raises questions… strategy or is BTC simply not interesting at the moment?

MicroStrategy pauses its bitcoin purchases: a calculated strategy?

For several years, MicroStrategy, under the leadership of its co-founder and executive chairman Michael Saylor, has established itself as one of the most committed companies to the institutional adoption of bitcoin. With an impressive accumulation of 471,107 BTC as of February 2, 2025, acquired for approximately 30.4 billion dollars at an average price of 64,511 dollars per bitcoin, the company has become the largest holder of BTC among publicly traded companies.

However, a recent statement from Michael Saylor, published on February 3, 2025, indicates that MicroStrategy has not purchased bitcoin for a week. Furthermore, the company has not sold any class A shares as part of its “at-the-market” (ATM) fundraising program. This pause in BTC accumulation intrigues market observers, who are used to seeing MicroStrategy regularly purchase bitcoins.

A simple pause or a change in strategy?

Several hypotheses may explain this temporary pause. First, MicroStrategy has already invested heavily in bitcoin and may simply be waiting for an opportune moment to resume its purchases. With an average acquisition price around 64,511 dollars, it is possible that the company is waiting for a more significant market correction before further strengthening its position.

On the other hand, the lack of stock sales under the ATM program suggests that the company is not actively seeking to raise additional funds for its BTC purchases. This could indicate that it is prioritizing financial consolidation for now before making new acquisitions.

An unwavering confidence in bitcoin

Despite this pause, MicroStrategy remains one of the biggest advocates of bitcoin. Michael Saylor has continued to promote the vision of BTC as a superior store of value to gold and fiat currencies. Therefore, it is unlikely that this interruption signals a strategic shift.

Investors will closely monitor the company’s next moves to see if this pause is temporary or if it indeed marks a new approach in its bitcoin management. One thing is certain: MicroStrategy continues to be an essential player in the crypto market.