{"id":20880,"date":"2025-02-03T19:36:52","date_gmt":"2025-02-03T17:36:52","guid":{"rendered":"https:\/\/forklog.com\/en\/microstrategy-pauses-bitcoin-purchases-amid-market-correction\/"},"modified":"2025-02-03T19:36:52","modified_gmt":"2025-02-03T17:36:52","slug":"microstrategy-pauses-bitcoin-purchases-amid-market-correction","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-pauses-bitcoin-purchases-amid-market-correction\/","title":{"rendered":"MicroStrategy Pauses Bitcoin Purchases Amid Market Correction"},"content":{"rendered":"<p>Between January 27 and February 2, MicroStrategy did not acquire any bitcoin, halting a 12-week streak of continuous <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-acquires-10107-btc-for-1-1-billion\">digital gold purchases<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">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. As of 2\/2\/2025, we hodl 471,107 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$30.4 billion at ~$64,511 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/t.co\/QTBWl8KlNv\">https:\/\/t.co\/QTBWl8KlNv<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1886400323268345864?ref_src=twsrc%5Etfw\">February 3, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company holds 471,107 BTC, making it the largest corporate holder of the leading cryptocurrency. Since August 2020, MicroStrategy has spent a total of ~$30.4 billion to build its bitcoin reserves, with an average purchase price of $64,511 per coin.<\/p>\n<p>During the last week of January, the firm also did not sell any class A common stock under its market offering program, noted MicroStrategy co-founder Michael Saylor.<\/p>\n<p>According to the <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-aims-to-raise-42-billion-for-bitcoin-purchases\">&#8220;Plan 21\/21&#8221; adopted in October 2024<\/a>, the company intends to raise $42 billion in equity and debt over three years. The funds are earmarked for further bitcoin acquisitions.<\/p>\n<p>In December, MicroStrategy&#8217;s management decided to increase the volume of shares available for sale under the initiative by more than <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-considers-expanding-shares-for-bitcoin-acquisition-plan\">$10 billion<\/a>. The decision requires shareholder approval.<\/p>\n<p>In early February, the cryptocurrency market reacted with a correction to the U.S. President&#8217;s plans to impose import tariffs against Mexico, Canada, and the U.S. On Sunday, bitcoin fell below the $100,000 level following the release of an official White House statement.<\/p>\n<p>With the opening of Asian markets the next day, digital gold momentarily dropped to $91,281. Altcoins experienced a much steeper decline. The crypto market faced a record daily liquidation of $2.7 billion.<\/p>\n<p>Saylor responded to the price movements <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-rules-out-bitcoin-sales-from-microstrategys-holdings\">in his usual style<\/a>:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Never sell your bitcoin.&#8221;<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Never sell your Bitcoin.<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1886046076316041641?ref_src=twsrc%5Etfw\">February 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the time of writing, the price of digital gold had recovered to around $99,000 (<a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>). MicroStrategy&#8217;s stock, after a sharp drop on the morning of February 3, also neared its previous closing price, down just 0.24%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"438\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/MicroStrategy-Incorporated-MSTR-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome-1-1024x438.jpg\" alt=\"MicroStrategy-Incorporated-MSTR-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome-1\" class=\"wp-image-251047\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/MicroStrategy-Incorporated-MSTR-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome-1-1024x438.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/MicroStrategy-Incorporated-MSTR-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome-1-300x128.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/MicroStrategy-Incorporated-MSTR-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome-1-768x328.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/MicroStrategy-Incorporated-MSTR-Stock-Price-News-Quote-History-Yahoo-Finance-Google-Chrome-1.jpg 1027w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/finance.yahoo.com\/quote\/MSTR\/\">Yahoo Finance<\/a>.<\/figcaption><\/figure>\n<p>Over the past year, the company&#8217;s shares have surged 563%, significantly outperforming the leading cryptocurrency.<\/p>\n<p>Former hedge fund manager and Mad Money host Jim Cramer still <a href=\"https:\/\/u1f987.com\/en\/news\/jim-cramer-advises-buying-bitcoin-over-microstrategy-shares\">believes<\/a> that adding bitcoin to a portfolio is preferable to MicroStrategy shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between January 27 and February 2, MicroStrategy did not acquire any bitcoin, halting a 12-week streak of continuous digital gold purchases. 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. As of 2\/2\/2025, we hodl 471,107 $BTC acquired for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1207],"class_list":["post-20880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20880"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/20879"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}