MicroStrategy Pauses Bitcoin Purchases Amid Market Correction to $91K

MicroStrategy Inc. reported no Bitcoin purchases between January 27 and February 2, 2025, maintaining a total of approximately 471,107 BTC acquired for about $30.4 billion. This information was disclosed in an SEC Form 8-K.

Key points include:

Co-founder Michael Saylor affirmed the company's long-term Bitcoin strategy.
MicroStrategy priced its offering of 7.3 million Series A Perpetual Strike Preferred Stock shares at $80 each, raising $563.4 million.
The stock offering is set to close on February 5, 2025, allowing for continued Bitcoin acquisitions.
Despite recent market corrections, MicroStrategy's overall valuation is around $84 billion.
Other companies, like Metaplanet Inc., are also pursuing Bitcoin strategies, planning to acquire 10,000 BTC by the end of 2025.

The demand for Bitcoin remains robust, with prices recently peaking above $99,000 amid geopolitical shifts favoring its adoption as a strategic reserve asset in the U.S.

Currently, approximately 3.03 million Bitcoins are held in treasuries across 156 entities, predominantly by publicly traded companies.