Munzir HakimiTable of Contents
Fresh insights
Michael Saylor’s Strategy, a leading public holder of Bitcoin, has recently reported a critically important slowdown in its bitcoin acquisitions. Despite the cryptocurrency market experiencing volatility and price increases, the company opted not to purchase any Bitcoin last week. This marks a notable shift from previous months were they actively expanded their holdings.
Recent Activity Overview
no New purchases
Last week, Strategy did not acquire any additional Bitcoin, maintaining its total holdings at 607,770 BTC. This decision comes despite bitcoin’s price rising from approximately $118,000 to over $119,000 during the same period.The company’s inactivity follows two earlier purchases in July totaling 10,445 BTC-a stark 39% decrease compared to June’s acquisitions.
Monthly Buying Trends
In July alone, Strategy made only two purchases: 4,225 BTC on July 14 and another 6,220 BTC on July 21. This decline is evident when compared to June’s total of 17,075 BTC purchased and even more so against May’s impressive figure of 26,695 BTC.
Strategic Financial moves
Upsized Stock offering
Amidst this buying pause for Bitcoin assets, strategy has increased its Series A perpetual preferred stock (STRC) offering from an initial $500 million to an impressive $2.521 billion. Priced at $90 per share with settlement expected soon under standard conditions.
Future Plans for Acquisitions
The STRC offering is part of a broader strategy aimed at raising capital for future bitcoin purchases as outlined by co-founder michael Saylor on social media platforms.He emphasized that this initiative forms part of their long-term commitment to strengthening their position in the cryptocurrency market.
Final Thoughts
In Summary
The recent inactivity in acquiring new Bitcoins by Michael saylor’s Strategy highlights a strategic pause amidst ongoing financial maneuvers aimed at enhancing future investments in cryptocurrency assets.
