The post End of an Era? MicroStrategy Pauses 3-Month Bitcoin Buying Spree appeared on BitcoinEthereumNews.com.

The world’s largest corporate holder of BTC has paused its months-long acquisition spree of the biggest cryptocurrency that started immediately after the US elections in November 2024. Within this time, the company broke the record for the single largest purchase of BTC and strengthened its presence in the Bitcoin ecosystem by nearly doubling its holdings. BTC Buying on Pause The US presidential elections held in early November last year changed the complexity of the crypto game, especially for investors based in the States. MicroStrategy, which had already become a household name associated with BTC, was among those that intensified its accumulations starting on November 11 – the first Monday after the voting. After highlighting plans to raise over $40 billion within the next decade in late October, the NASDAQ-listed firm began acquiring large portions of BTC and made the announcements on the first business day of the following week. On November 11, the company announced a massive purchase of 27,200 BTC (valued at just over $2 billion at the time), which sent its stock prices to new peaks. Aside from price movements, MSTR became a highly-tradable stock in the US market and entered the so-called (by Michael Saylor) ‘Magnificent 8’ – a group of the biggest and most recognizable American companies. After breaking its own record once again in mid-November at over $470 per share, MSTR actually started to retrace and plunged below $290 at the end of December. Despite bouncing off alongside the crypto market in mid-January, it failed to reach uncharted territory and closed on Friday at $335. Its price is expected to drop today when the markets open due to the overall crash. Nevertheless, this volatility didn’t deter the company from raising more money and accumulating additional BTC. In fact, its streak continued for 12 consecutive weeks.…

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Filed under: News - @ February 3, 2025 3:22 pm