Saturday, August 23, 2025

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

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Global Finite Electricity Supply Could Spell Disaster for Bitcoin

As the popularity and widespread use of cryptocurrencies slowly overtakes that of fiat currencies, the...

Wednesday, November 3, 2021, 02:50:00 PM

El Salvador’s Bitcoin Jesus

Can the cryptocurrency save El Salvador, or is it the other way around? In Bitcoin...

Monday, February 28, 2022, 03:33:00 PM

Coinbase: Where’s The Upside From Here?

Coinbase Global, Inc. (NASDAQ: COIN) has perhaps the worst possible profile for a stock in...

Saturday, June 18, 2022, 04:55:00 PM

Russia Mulls Selling Natural Resource Exports in Bitcoin

In the wake of tough western sanctions, Russia is being forced to find alternative payment...

Friday, March 25, 2022, 02:56:00 PM

Is Bitcoin A Fraud? – The Daily Dive feat Jeff Wareham

Today on the Daily Dive, we’re joined by Jeff Wareham, whom is a director at...

Tuesday, December 15, 2020, 01:00:00 PM