Saturday, August 2, 2025

Latest

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.

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

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Global Markets Sent Plummeting Following Russian Invasion of Ukraine

Stock markets in the US, Europe, and Asia were sent into a sharp nosedive on...

Thursday, February 24, 2022, 02:29:00 PM

Fisker Inc Reports First Quarter Loss, Will Not Accept or Invest in Bitcoin

Shares of Fisker Inc were in peril on Monday, after the EV startup reported dismal...

Tuesday, May 18, 2021, 11:46:00 AM

Bitcoin Miners Bracing for Multibillion-Dollar Revenue Hit as Reward Halving Looms

The Bitcoin network is set to undergo its highly anticipated “halving” event around April 20th,...

Monday, April 15, 2024, 03:10:00 PM

Sam Bankman-Fried Admits FTX Issued Fake Bitcoin

The failed FTX founder Sam Bankman-Fried’s apology roadshow continues and like how a fish gets...

Friday, December 2, 2022, 03:49:25 AM

MicroStrategy Brings Total Bitcoin Holdings To 130,000 With Latest Purchase

In a sign of the current state of the crypto markets as a whole, MicroStrategy...

Tuesday, September 20, 2022, 09:08:26 AM