Michael Saylor of Strategy (formerly MicroStrategy) announced that the company didn’t purchase new Bitcoins last week, maintaining its holdings at 478,740. He said that the company noted zero investments in its class A common stock, which is available through the at-the-market equity program, between February 10th and February 14th.
The proceeds from the ATM sales finance the company’s Bitcoin purchases, and with no new interests, the company paused its aggressive Bitcoin-buying spree.
Strategy is known for its Bitcoin-focused business model and has already invested over $31 billion in the world’s top digital asset since 2020.
No New Funds, Strategy Maintains Over 478k BTC Reserves
Strategy disclosed its latest financial performance last Monday. With no new class A common stocks sold from February 10th to 14th under its ATM equity program, the company also slowed its Bitcoin-buying spree.
Last week, @Strategy 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 2/17/2025, we hodl 478,740 $BTC acquired for ~$31.1 billion at ~$65,033 per bitcoin. $MSTR https://t.co/gDVOokFY8p
— Michael Saylor
(@saylor) February 18, 2025
As of Sunday, Strategy owns 478,470 Bitcoins, purchased at an average market price of $65,033 per token, reflecting a total expenditure of $31.1 billion.
This is the second time that the company has not purchased any Bitcoin due to a lack of revenues. In early February, Strategy stopped its Bitcoin purchases after no class A common stocks were sold to the investing market. Last February 2nd, Saylor’s company held over 471k BTC and purchased for $30.4 billion.
Strategy Reported Positive News Developments
Strategy also shared some notable financial news and other investor developments within the company. For example, the California State Teachers Retirement System (CalSTRS) increased its holdings in the company in the last quarter of 2024 and now owns 258.785 shares, valued at around $83 million. The group’s investment came at a time when Strategy completed its rebranding in the context of a surging Bitcoin price.
Although the company reported a net loss of nearly $671 million in Q4, it remains optimistic about its plans. However, market analysts paint a different picture of the company. According to one financial website, the Strategy stock is overvalued, with a current ratio of 0.71, reflecting tight liquidity.
Strategy’s Bitcoin Plan Remains A Popular Template For Other Firms
Although Strategy’s Bitcoin purchases hit a bump this week, the company remains one of the most influential crypto companies today. Many small companies are copying the Strategy playbook and aggressively buying Bitcoin, too. According to Coinkite, 78 firms now hold cryptos in their corporate treasuries.
Some of these global firms are advertisers and pharmaceutical companies that have adopted the Bitcoin-focused strategy. Fortune reports that OneMedNet, a $30-million company specializing in healthcare data, used $4.6 million to purchase Bitcoin.
Featured image from Gemini Imagen, chart from TradingView
