Summary
- Strategy announced a temporary suspension of additional Bitcoin purchases this week.
- Reported unrealized profit of $14.05 billion in the second quarter.
- Founder Michael Saylor stated, "Some weeks, you just have to hold Bitcoin," which suggested a pause in purchases.
Strategy did not proceed with any Bitcoin purchases this week.
On the 7th (local time), Strategy announced in an 8-K report submitted to the U.S. Securities and Exchange Commission (SEC) that "unrealized profits amounting to $14.05 billion occurred during the second quarter," while also stating that "additional Bitcoin purchases were temporarily suspended from June 30 to July 6 (local time)."
This marks the first pause in purchases since the first quarter earnings announcement. Previously, Strategy also temporarily suspended Bitcoin purchases in the week prior to the first quarter earnings announcement on April 7 (local time).
Meanwhile, on June 29 (local time), Michael Saylor, founder of Strategy, hinted at the suspension by posting on X (formerly Twitter), "Some weeks, you just have to hold Bitcoin."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
