company crypto holdings

MicroStrategy's Bitcoin Buys Drop 84% in 2 Weeks. Why Is Saylor Slowing Down?

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2News media
2Pieces
Published

Strategy said it bought 250 bitcoin last week, after a 334-coin purchase the week before and 1,665 coins two weeks earlier. Its holdings reached 848,250 BTC, and it said it kept a $4.88 billion cash reserve.

Key claims & sources

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Strategy added 1,665 BTC two weeks ago, then 334 BTC last week, and then 250 BTC in its latest purchase.
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The most recent purchase made the company’s buying run smaller for a second straight week.
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The company’s latest buy lifted its Bitcoin holdings to 848,250 BTC.
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Strategy said it maintained a $4.88 billion cash reserve alongside the latest Bitcoin holdings figure.

What it means

Users and market watchers who track Strategy will see that the company is still adding bitcoin, but with smaller purchases than two weeks earlier. That change is visible in the sequence of 1,665 BTC, then 334 BTC, then 250 BTC, while the total holdings now stand at 848,250 BTC.

In practice, the company remains a large public holder of bitcoin and still reports a cash reserve at the same time. What changed here is the size of the latest purchase, not the fact that Strategy is continuing to buy and hold bitcoin.

Market reaction i

BitcoinBTC the event is about this asset
first headline
-0.4% 2 h before
-0.4% 4 h after
$83,098price at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 12 12:06
+25 min
Oct 12 12:31
Cointelegraph adds
Sharpens the figure: $4.9B; brings into the story: BTC, with quotes

Has this happened before?

WhenWhat happenedFigure
33 days ago MicroStrategy Buys Just 334 Bitcoin, Spends 6x More on Buybacks: What Changed? event 2 actors in common · 3 news media
29 days ago Strive reportedly buys 638 Bitcoin with preferred stock proceeds this week event 1 actors in common · 3 news media
33 days ago DeFi Development sees NAV per share more than doubling, holds 2.56 million SOL event 1 actors in common · 7 news media
33 days ago Strive Adds 2,000 Bitcoin for $169 Million, Reaching 29,462 BTC event 1 actors in common · 7 news media
34 days ago 'More Orange Than Ever': Michael Saylor Hints at Massive New Bitcoin Buy event 1 actors in common · 2 news media