MicroStrategy Hits Pause on Bitcoin Buying Spree
The post MicroStrategy Hits Pause on Bitcoin Buying Spree appeared on BitcoinEthereumNews.com.
The global financial markets have entered a period of heightened volatility, with Bitcoin and traditional assets experiencing sharp declines. MicroStrategy, led by Michael Saylor, has paused its long-running strategy of selling stock to buy Bitcoin, marking the first break in its aggressive accumulation campaign in over 12 weeks. Meanwhile, financial expert Robert Kiyosaki has weighed in on the recent broader market downturn, calling the ongoing sell-off a “brutal crash” and an opportunity for investors to acquire assets like gold, silver, and Bitcoin at lower prices. The recent price movements coincide with new trade tariffs introduced by the US government, which have contributed to a broader sell-off in both crypto and equity markets. Over $2 billion in leveraged crypto positions were liquidated in the 24 hours after the tariffs were announced. However, the crypto market has since rebounded after Donald Trump announced that he would pause the tariffs for at least 30 days. MicroStrategy Halts Stock Sales to Buy Bitcoin: A Shift in Strategy? MicroStrategy has ended its long-standing practice of selling company stock to fund Bitcoin purchases. Michael Saylor, the executive chairman of the business intelligence firm, confirmed in a Feb. 3 post on X that the company had not sold any shares between Jan. 27 and Feb. 2. This marked the first pause in 12 consecutive weeks of Bitcoin acquisitions that started in late 2024. The halt comes just days after MicroStrategy announced a massive purchase of more than 10,000 BTC—worth around $1 billion at the time—bringing its total holdings to a staggering 471,107 BTC, valued at over $30 billion. Despite this break in purchases, Saylor emphasized that MicroStrategy remains one of the largest Bitcoin holders in the world. MicroStrategy first made waves in the crypto space in August 2020, when it began shifting its treasury strategy by acquiring…
Filed under: News - @ February 4, 2025 3:28 pm