MicroStrategy, the business intelligence firm turned Bitcoin treasury company, has temporarily halted its Bitcoin acquisitions after a 12-week streak of continuous purchases. The company’s co-founder and chairman, Michael Saylor, announced the pause on X (formerly Twitter).

“Last week, MicroStrategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any Bitcoin,” Saylor said.

Despite the pause, MicroStrategy remains the largest corporate holder of Bitcoin, with 471,107 coins valued at approximately $46.6 billion based on current market prices. The company has spent $30.4 billion to accumulate its Bitcoin holdings, with over $20 billion invested in the last 12 weeks alone, marking an aggressive buying phase that began in late 2024.

MicroStrategy’s shift from its core business of data analytics to becoming a major player in the cryptocurrency space has significantly impacted its market performance. Since announcing its first Bitcoin purchase in August 2020, the company’s stock has surged from $14.44 to $332, reflecting a staggering 2,199% increase. This growth has been largely attributed to investor interest in gaining indirect exposure to Bitcoin without the complexities of direct ownership.

In 2023, the Tysons, Virginia-based company unveiled its “21/21 Plan,” aimed at raising $42 billion to further expand its Bitcoin treasury. The plan involves generating $21 billion through equity offerings and another $21 billion from fixed-income securities. This aggressive strategy underscores MicroStrategy’s commitment to Bitcoin as a long-term store of value.

The company also marked a milestone by joining the Nasdaq-100 index in December, positioning itself alongside tech giants like Apple and Microsoft. Additionally, MicroStrategy recently finalized the pricing of its new stock, STRK, intended to raise more funds for future Bitcoin acquisitions.

While the recent pause in Bitcoin purchases may signal a strategic reassessment, MicroStrategy’s overall trajectory suggests that its focus on Bitcoin remains a central part of its corporate strategy.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by Harshajit Sarmah.