Strategy (MSTR), the largest publicly traded bitcoin holder, did not appear to have increased its BTC position last week.
CEO Michael Saylor typically announces upcoming purchases on X day each Sunday, followed by a detailed update around 8 a.m. ET on Monday. There was no usual Sunday post with the “orange dot” to indicate a purchase. Instead, Michael Saylor posted about the company’s perpetual preferred stock offering, Stretch (STRC).
The apparent pause breaks a streak of approximately thirteen consecutive weekly purchases that began in late December, acquiring 90,831 BTC in the process.
According to the company’s dashboard, the Tysons Corner, Virginia-based company currently holds 762,099 bitcoins at an average acquisition price of $75,694 per token.
The halt in buying activity comes with MSTR still trading about 76% below its all-time high and Bitcoin below $67,000.
