After announcing the purchase of enough stocks to buy BTC for 12 consecutive weeks, the US-listed company MicroStrategy has temporarily suspended BTC acquisition.
MicroStrategy's Executive Chairman Michael Saylor announced last night that the company has broken the pattern of purchasing BTC through the sale of common stocks. Michael Saylor posted on X on February 3rd:
"Last week, MicroStrategy did not sell any Class A common stock and did not purchase any BTC. As of February 2, 2025, we hold 471,107 BTC, with a total value of approximately $30.4 billion, at an average cost of approximately $64,511 per BTC."
This marks the official interruption of MicroStrategy's record of purchasing BTC for 12 consecutive weeks prior to the 2024 US presidential election.
MicroStrategy initially began accumulating BTC in August 2020, purchasing 21,454 BTC at a cost of $250 million, and has now become one of the largest BTC holders globally by 2025. Although many companies have followed MicroStrategy's lead in using BTC as an inflation-hedge reserve asset in recent years, the company remains one of the largest corporate BTC holders globally.
Within the past 60 days, the medical company Semler Scientific and the streaming platform Rumble have also announced the purchase of millions of dollars worth of BTC. Additionally, the crypto mining company MARA held 44,394 BTC as of December 18, 2023, making it the second-largest publicly-listed company in terms of BTC holdings.
Not only private companies, but many government agencies have also begun exploring the possibility of establishing BTC reserves. On January 23rd, President Trump signed an executive order directing the establishment of a task force to explore the regulatory framework for a US BTC reserve strategy. Furthermore, the Czech National Bank's board voted in January to research "other asset classes" as part of the national reserves, without explicitly mentioning BTC, but still revealing the growing interest of government agencies in crypto assets.
