The Bitcoin proxy firm, co-founded by Michael Saylor, refrains from acquisitions during the week of June 30 to July 6, marking a notable shift in its purchasing strategy.
Strategy (formerly MicroStrategy) did not acquire any Bitcoin from June 30 to July 6, marking its first purchase pause since late March. The firm's total Bitcoin holdings remain at 597,325 BTC, valued at around $64.71 billion. This follows a period of aggressive buying, where it invested $6.77 billion in 69,140 BTC from April 7 to June 29. Strategy's stock (MSTR) saw a slight decline of 0.7%, while the company announced plans to issue up to $4.2 billion in preferred stock for future BTC acquisitions and corporate purposes.