“Some weeks you just need to HODL,” says Michael Saylor 💬
📊 In a move that surprised many, Strategy (formerly MicroStrategy) has temporarily paused its aggressive Bitcoin acquisitions — the first break since April.
Here’s everything you need to know about this strategic pause, their Q2 performance, and what it means for Bitcoin’s corporate adoption race. 👇
⚡ Quick Snapshot: Strategy's Bitcoin Treasury
💼 Current Holdings: 597,325 BTC
💰 Valuation: ~$65 Billion
🧾 Avg. Purchase Price: $70,982
💹 Paper Gains: ~$22.6 Billion
🧠 Owns ~2.8% of all BTC ever to exist
🔄 Last purchase: June 29 – 4,980 BTC for $531.9M
⏸️ Pause Period: June 30 – July 6
💬 Saylor: “Some Weeks You Just Need to HODL”
On Sunday, Strategy co-founder and executive chairman Michael Saylor hinted at the pause by posting:
> “Some weeks you just need to HODL.”
This came right before the SEC filing confirmed no BTC was bought during the first week of July — a first in over 12 weeks.
📈 Strong Q2 Results: $14 Billion Unrealized Gain
🟢 Unrealized Gain on Digital Assets: $14.05 Billion
🔴 Deferred Tax Expense: $4.04 Billion
🧮 Digital Asset Carrying Value: $64.36 Billion
🧾 Deferred Tax Liability: $6.31 Billion
💵 New Loan Agreement: $31.1M approved for capital asset purchases
💸 How Strategy Has Been Funding BTC Buys
Through ATM (at-the-market) offerings, Strategy has diversified its funding sources:
💳 Preferred Stock Programs:
STRD: 10% fixed, non-cumulative, non-convertible
STRK: 8% fixed, convertible
STRF: 10% fixed, cumulative, non-convertible
💰 Proceeds in Q2:
💵 $6.8 Billion raised via equity and preferred stock
🔁 Part of their "42/42 Plan", now expanded to "84/84" targeting $84B in total capital raise for BTC accumulation through 2027
🏛️ Corporate Bitcoin Race: Saylor Still Leads
More firms are joining the BTC treasury club:
🧾 135+ public companies now hold Bitcoin
🔥 Newcomers: Tether-backed Twenty One, Trump Media, GameStop, Metaplanet (Japan)
🇯🇵 Metaplanet recently added 2,205 BTC ($239M), now holds 15,555 BTC
🧐 Market Views & Concerns
🏦 TD Cowen: Strategy's positive BTC-equity loop justifies premium
⚠️ Franklin Templeton: Warns of “dangerous negative feedback loops”
⚖️ Pomerantz Law: Filed class-action lawsuit alleging misleading BTC strategy disclosures
📉 Stock & Market Action
📈 MSTR closed at $403.99 on Friday (+0.4%)
📉 Down 0.6% pre-market Monday
🔼 YTD Performance:
MSTR: +34.6%
BTC: +16.9%
📌 Final Thoughts
🔍 While some see the pause as caution ahead of Q2 disclosures, others argue it’s just a strategic breather before the next big accumulation.
> 🎯 Saylor isn’t done.
💡 He’s just sharpening the sword before the next strike.