0 0
Strategy Halts Bitcoin Purchases Amid $2.521 Billion Equity Offering
Strategy, led by Michael Saylor, has opted not to increase its Bitcoin reserves recently, despite significant price fluctuations in the cryptocurrency market.
Key Developments
- Strategy disclosed purchasing 10,445 BTC in July, a 39% decrease from June's acquisitions.
- The company paused new purchases for the second week of July, maintaining total holdings at 607,770 BTC.
- Recent purchases included 4,225 BTC on July 14 and 6,220 BTC on July 21.
- Strategy plans to expand its Series A preferred stock offering from $500 million to $2.521 billion.
- It aims to raise up to $4.2 billion to buy more Bitcoin after reporting $14 billion in unrealized earnings in Q2 2025.
- Mara Holdings Inc. remains the second-largest corporate Bitcoin holder with 50,000 BTC.
- MetaPlanet announced an additional purchase of 780 BTC for approximately $92.5 million, raising its total to 101,030 BTC.