Michael Saylor: MicroStrategy Halts Bitcoin Purchases After 12 Weeks

According to Michael Saylor, MicroStrategy has finally stopped its 12 consecutive weeks of weekly Bitcoin purchases. The company did not sell Class A shares this week, nor did it use the proceeds to buy BTC.

The company may owe billions in taxes on unrealized gains, and Bitcoin’s price has proven highly volatile due to U.S. tariffs and political instability. However, Saylor provided little insight into MicroStrategy’s next steps.

Since Michael Saylor began steering MicroStrategy toward acquiring Bitcoin, the company has become one of the largest BTC holders in the world.

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MicroStrategy Stops Buying Bitcoin?

Since late October, the company has made at least one purchase every week, ranging from large acquisitions to increasingly smaller-sized purchases.

Saylor’s Statement on X

MicroStrategy began issuing more shares to boost acquisitions, but Saylor recently announced a general pause:

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 ~$30.4 billion at ~$64,511 per bitcoin. $MSTR 

This announcement has left the community somewhat puzzled. In December, credible rumors suggested that MicroStrategy might halt Bitcoin purchases in January.

However, this pause did not happen, and the company’s acquisitions instead increased toward the end of the month.

So, it is surprising that the company has stopped buying, especially when BTC’s price seemed to present a significant buying opportunity last week.

Is MicroStrategy Adopting a More Conservative Approach?

Several factors may have contributed to this tactical shift. One of them is Bitcoin’s value being in a difficult position.

Since the threat of U.S. tariffs against Mexico, Canada, and China, Bitcoin and the broader crypto market have seen a sharp decline.

With further economic turmoil looming on the horizon, MicroStrategy may be taking a more conservative approach to its Bitcoin investments.

There are also other factors. Although BTC’s price over the years has declined today, it remains in an overall sustained bull market.

MicroStrategy may owe billions in unrealized gains related to its Bitcoin holdings, adding complexity to an already intricate situation.

What’s Next for MicroStrategy?

At the moment, it is difficult to predict where the company will go from here. One important consideration is the pause in stock sales alongside Bitcoin purchases.

MicroStrategy has used stock sales to fund its Bitcoin accumulation, and the company may be scaling back its heavy commitment to the asset.

Michael Saylor has not given any direct indication of whether these purchases will resume soon.

Many factors remain uncertain at this time, but the company remains committed to its Bitcoin-first strategy.

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