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Strategy may halt Bitcoin buying streak after 13 straight weeks… holdings steady at 760,000 BTC

Source
Suehyeon Lee

Summary

  • It reported that Strategy may have gone without additional Bitcoin purchases for roughly 13 consecutive weeks.
  • It said Strategy currently holds about 762,099 BTC with an average purchase price of around $75,694.
  • It reported that this pause in buying came with Strategy shares trading about 76% below their all-time high and the Bitcoin price moving below $67,000.

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Photo=Ferrero Lafak/Shutterstock
Photo=Ferrero Lafak/Shutterstock

Speculation is growing that Strategy, the largest public-company holder of Bitcoin (BTC), may not have made any additional Bitcoin purchases last week.

According to CoinDesk on the 29th (local time), Strategy Chairman Michael Saylor has been hinting at buy signals via social media platform X every Sunday, but this week no “Orange Dot” post—seen as a hint of such a signal—was spotted. Instead, he shared content related to the company’s perpetual preferred stock product “Stretch (STRC).”

As a result, the buying run that has continued since late December last year—roughly 13 consecutive weeks—appears to have paused for the time being. Over that period, Strategy purchased an additional 90,831 BTC in total.

The company currently holds about 762,099 BTC, with an average purchase price of around $75,694. This is the largest Bitcoin holding among publicly listed companies.

The apparent pause comes as both the stock and Bitcoin have fallen sharply from their peaks. Strategy shares are trading about 76% below their all-time high, while Bitcoin is moving below $67,000.

Suehyeon Lee

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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