Strategy Halts Bitcoin Accumulation for Second Time in 14 Weeks
Strategy (NASDAQ: MSTR) has paused its Bitcoin accumulation for the second time in 14 weeks, as no Class A common stock was sold from February 10 to February 14. This halt affects its ability to fund Bitcoin purchases.
Key Points
- Strategy has invested approximately $31.1 billion in Bitcoin since 2020.
- No new Class A stock was sold during the specified period, keeping Bitcoin holdings at 478,740 BTC.
- The current value of these holdings exceeds $46 billion, with Bitcoin trading below $97,000.
- 12 US state retirement funds have over $330 million exposure to MSTR stock.
- The first pause occurred earlier in February, also halting Bitcoin purchases briefly.
- Saylor confirmed a resumption of weekly Bitcoin purchases after the pause, spending $742 million recently.
Market Position
Strategy now holds more Bitcoin than major investors like Fidelity and Grayscale, only surpassed by BlackRock’s Bitcoin ETF, which has $57 billion in assets. The company remains a significant player in the crypto market, influencing public Bitcoin holdings.
Other firms, including Nuvve and Semler Scientific, are following Strategy's approach to building Bitcoin treasuries.