Strategy pushes pause button on Bitcoin purchases, stock sales

BTC-0,09%
ETH0,95%

Strategy, the largest public Bitcoin (BTC) treasury company, reported no additional purchases of the cryptocurrency last week as many entities are pivoting into alternative methods for revenue.

In a Monday filing with the US Securities and Exchange Commission (SEC), Michael Saylor-led Strategy reported that it did not purchase any Bitcoin between March 23 and March 29, nor did the company sell any shares. Strategy reported holding 762,099 BTC as of Sunday, worth more than $51 billion at the time of publication.

Edit the caption here or remove the text

Typically, Strategy funds its BTC purchases through the sale of its common stock. However, the company reported it “did not sell any shares under its at-the-market offering program and did not purchase any Bitcoin.”

The share price of its MSTR Class A stock on the Nasdaq has slid more than 60% in the last six months, reaching $126.78 apiece at the time of publication.

According to Strategy’s reported purchase history, Monday would mark the first time that the company did not report a weekly BTC buy since December 2025.

Although Executive Chairman Michael Saylor did not publicly announce any reason for the move, some companies have been pivoting from mining or acquiring more of the cryptocurrency amid increasing difficulty and falling prices — the price of BTC has declined by more than 18% in the last 12 months, reaching $67,197 at the time of publication.

Saylor’s weekly posts on the X social media platform have become closely watched as his company has added additional BTC holdings.

**Related: **__White House app sparks concern over location tracking and privacy issues

As mining companies pivot to AI/HPC, crypto ties remain

Crypto miner MARA Holdings, in another example of a company moving away from its Bitcoin accumulation strategy, sold 15,133 BTC for about $1.1 billion in March. The company reported in an SEC filing that the proceeds of the sale would be used to reduce its convertible debt.

Canaan, in contrast, reported increasing its supply of BTC and Ether (ETH) and continued expansion of its mining operations in Texas. The company reported holding 1,793 BTC and 3,952 ETH as of March 10.

**Magazine: **__Nobody knows if quantum secure cryptography will even work

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

  • #Bitcoin Price
  • #MicroStrategy
  • #Michael Saylor
  • #Industry
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Commento
0/400
Nessun commento