MicroStrategy Halts 12-Week Bitcoin Buying Spree — And That’s Worth Watching 🧭
MicroStrategy, the poster child for corporate $BTC accumulation, has hit pause. After 12 consecutive weeks of adding to its stash, the company announced it did not purchase any BTC during the week of January 27 to February 2, according to an SEC 8-K filing .
🧩 Key Details You Should Know
Total BTC Held: 471,107 BTC (around $44 billion at current prices).
Average Cost Basis: ~$64,511 — funded via $30.4 billion in purchases .
Equity Raising: The firm still has $4.35 billion in stock issuance capacity under its “21/21 plan,” and recently raised $563 million through preferred stock—keeping its BTC war chest prepared .
This pause doesn’t mean they’re retreating. Instead, MicroStrategy appears to be picking its moment amid market fluctuations. Bloomberg and FX Leaders suggest the strength pause is part of a strategic wait-and-see, likely tied to macro volatility .
📉 Market Reaction & MSTR Stock Performance
MicroStrategy’s stock (MSTR) slipped about 1–2% following the announcement, closing near $334—a notable dip amid its 567% YTD gain .
However, analysts remain bullish:
Mizuho Securities maintains an "outperform" rating with a $511 price target, citing long-term BTC upside .
Pricing Bubble or Long-Term Bet? Critics say the market cap exceeds its BTC NAV, but supporters argue it’s a proxy for leveraged exposure .
📈 Trader’s Perspective
Short-Term Signal: The pause creates a gap where reduced buying could turn into sales—watch for any sign of a shift in funding or new stock offerings.
Long-Term Thesis: The pause appears tactical, not a retreat. With equity lines open and capital ready, MicroStrategy is poised to re-enter when prices dip or volatility subsides.
Strategy in Play: For momentum traders, MSTR remains a high-beta proxy for Bitcoin. For value-focused investors, the NAV discount may offer a long-entry point—especially if BTC rallies.
