Between January 27 and February 2, MicroStrategy did not acquire any bitcoin, halting a 12-week streak of continuous digital gold purchases.
Last week, MicroStrategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin. As of 2/2/2025, we hodl 471,107 $BTC acquired for ~$30.4 billion at ~$64,511 per bitcoin. $MSTR https://t.co/QTBWl8KlNv
— Michael Saylor⚡️ (@saylor) February 3, 2025
The company holds 471,107 BTC, making it the largest corporate holder of the leading cryptocurrency. Since August 2020, MicroStrategy has spent a total of ~$30.4 billion to build its bitcoin reserves, with an average purchase price of $64,511 per coin.
During the last week of January, the firm also did not sell any class A common stock under its market offering program, noted MicroStrategy co-founder Michael Saylor.
According to the “Plan 21/21” adopted in October 2024, the company intends to raise $42 billion in equity and debt over three years. The funds are earmarked for further bitcoin acquisitions.
In December, MicroStrategy’s management decided to increase the volume of shares available for sale under the initiative by more than $10 billion. The decision requires shareholder approval.
In early February, the cryptocurrency market reacted with a correction to the U.S. President’s plans to impose import tariffs against Mexico, Canada, and the U.S. On Sunday, bitcoin fell below the $100,000 level following the release of an official White House statement.
With the opening of Asian markets the next day, digital gold momentarily dropped to $91,281. Altcoins experienced a much steeper decline. The crypto market faced a record daily liquidation of $2.7 billion.
Saylor responded to the price movements in his usual style:
“Never sell your bitcoin.”
Never sell your Bitcoin.
— Michael Saylor⚡️ (@saylor) February 2, 2025
At the time of writing, the price of digital gold had recovered to around $99,000 (CoinGecko). MicroStrategy’s stock, after a sharp drop on the morning of February 3, also neared its previous closing price, down just 0.24%.
Over the past year, the company’s shares have surged 563%, significantly outperforming the leading cryptocurrency.
Former hedge fund manager and Mad Money host Jim Cramer still believes that adding bitcoin to a portfolio is preferable to MicroStrategy shares.