Strategy Halts Bitcoin Purchases
Strategy, previously known as MicroStrategy, has recently announced through legal filings that it has temporarily paused its Bitcoin acquisitions.
The company reminded its common shareholders that owning MSTR stock does not mean holding a stake in its Bitcoin reserves.
As of March 30, Strategy’s Bitcoin holdings were 528,185 BTC, acquired at an average price of $67,458, with no changes since.
The latest regulatory filing shows that its At The Market (ATM) program, which usually facilitates share sales, was inactive last week, with no Class A common stock or Series A Perpetual Strike Preferred Stock sold.
This pause in Bitcoin purchases isn’t new for Strategy, as it previously halted acquisitions between September 20 and November 11. Additionally, Strategy has consistently clarified that its Bitcoin holdings are not legally owned by MSTR shareholders.
