Strategy pushes pause button on Bitcoin purchases, stock sales
The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Strategy pushes pause button on Bitcoin purchases, stock sales The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more For the first time in 13 weeks, the biggest public Bitcoin treasury company skipped a weekly purchase of the cryptocurrency without any word from Michael Saylor.) treasury company, reported no additional purchases of the cryptocurrency last week as many entities are pivoting into alternative methods for revenue. that it did not purchase any Bitcoin between March 23 and March 29, nor did the company sell any shares. Strategy reported holding 762,099 BTC as of Sunday, worth more than $51 billion at the time of publication.Typically, Strategy funds its BTC purchases through the sale of its common stock. However, the company reported it “did not sell any shares under its at-the-market offering program and did not purchase any Bitcoin.” The share price of its MSTR Class A stock on the Nasdaq has slid more than 60% in the last six months, reaching $126.78 apiece at the time of publication.purchase history, Monday would mark the first time that the company did not report a weekly BTC buy since December 2025.or acquiring more of the cryptocurrency amid increasing difficulty and falling prices — the price of BTC has declined by more than 18% in the last 12 months, reaching $67,197 at the time of publication.sold 15,133 BTC for about $1.1 billion in March. The company reported in an SEC filing that the proceeds of the sale would be used to reduce its convertible debt.) and continued expansion of its mining operations in Texas. The company reported holding 1,793 BTC and 3,952 ETH as of March 10.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
Source: Head Topics
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