Bitcoin Price Slips After MicroStrategy Halts Buying Spree

After snapping up bitcoin almost weekly for three months, MicroStrategy (NASDAQ: MSTR) abruptly paused its purchases in late January—which coincided with a noticeable dip in the coin’s price.

In a post, co-founder and executive chairman Michael Saylor confirmed that between January 27 and February 2, MicroStrategy refrained from purchasing any new Bitcoin and did not raise additional funds through its ongoing at-the-market equity offering. The same was also declared in the company’s recent SEC filing.

Though Saylor did not explicitly explain why, the announcement came only days ahead of a major issuance of 8% Series A Perpetual Strike Preferred Stock, due to close on February 5. The new offering is expected to raise $563.4 million in net proceeds, which the firm says may later be used to acquire more bitcoin.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

The new stock issuance, traded under the proposed ticker “STRK,” offers an 8% dividend and has embedded conversion rights that could dilute shareholders if exercised under certain conditions. But the firm argues that mixing equity sales, convertible notes, and now preferred shares, gives it the flexibility to seize bitcoin-buying opportunities while still meeting ongoing operational needs.

Bitcoin, which had hovered above $100,000 in late 2024 before sliding into the mid-$90,000 range, experienced further downward pressure after the buying spree pause. Without the “Saylor bid,” as some call it, short-term sentiment turned more cautious, and bitcoin saw a noticeable dip, dipping below $95,000 on some exchanges.

Currently, bitcoin is again hovering near the $100,000-mark.

Saylor’s bitcoin acquisition strategy started in mid-2020. By early February 2025, the company has accumulated 471,107 bitcoins at an average price of roughly $64,511 per coin.


Information for this briefing was found via Decrypt and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

A $2.2B Gold Project Is Outgrowing Its Plan | Michael Henrichsen – Gold X2 Mining

Pay for the Copper, Get the Gold Free | Rob McEwen – McEwen Inc

This Gold Discovery Was Already Huge. Now It’s Becoming a Monster. | Goliath Resources

Recommended

A Chance Encounter On A Country Lane May Have Broken Up The RAF Fairford Plot

This Gold Discovery Just Keeps Getting Bigger | Roger Rosmus – Goliath Resources

Related News

Michael Saylor Claims There’s “60% Risk-Free Returns” At The Bitcoin Lake

Michael Saylor, executive chairman of MicroStrategy (NASDAQ: MSTR) and one of the most outspoken advocates...

Monday, December 30, 2024, 11:18:00 AM

MicroStrategy Acquires 6,556 Bitcoin For $555.8 Million

MicroStrategy (NASDAQ: MSTR) has once again purchased more bitcoin following the sale of its shares...

Monday, April 21, 2025, 08:44:44 AM

Hut 8 Mining Pays 16.5% Interest On Loan To Secure 5,400 Additional Mining Rigs

Hut 8 Mining (TSX: HUT) this morning added to its cryptocurrency mining capacity via the...

Friday, January 22, 2021, 08:50:42 AM

Gold: Where Will The Producers Spend Oncoming Cash Flows? – The Daily Dive ft Joe Mazumdar

For today’s episode of the Daily Dive, we’re rejoined by Joe Mazumdar of Exploration Insights....

Thursday, May 20, 2021, 01:30:00 PM

Michael Saylor To Sell Over $200 Million Worth Of MicroStrategy Shares

Michael Saylor, founder and former CEO of enterprise software giant MicroStrategy (NASDAQ: MSTR), has announced...

Wednesday, January 3, 2024, 08:21:24 AM