MicroStrategy halts Bitcoin purchases while holding $30B in BTC

MicroStrategy has announced a pause in its Bitcoin (CRYPTO:BTC) purchases, with the firm currently holding 471,107 BTC valued at over $30 billion. 

Michael Saylor, the executive chairman of MicroStrategy, confirmed this decision in a post on February 3, noting that the company did not sell any shares of its stock between January 27 and February 2.

This marks the end of a 12-week streak of consistent Bitcoin acquisitions, which began shortly before the U.S. elections in November 2024.

During this period, MicroStrategy acquired over $20 billion worth of Bitcoin, significantly increasing its total holdings.

The last purchase included more than 10,000 BTC for approximately $1 billion.

As of February 2, Bitcoin's price fell below $100,000 amid market reactions to tariffs imposed by President Donald Trump on goods from China, Canada, and Mexico.

However, the price rebounded slightly to over $98,000 following an agreement by Mexico's government to delay tariff implementation.

Despite halting purchases, MicroStrategy remains a major player in the cryptocurrency market, having started its Bitcoin accumulation with a $250 million investment in August 2020.

Other companies have followed MicroStrategy’s lead in investing in Bitcoin as a hedge against inflation.

Healthcare firm Semler Scientific and streaming platform Rumble have made multimillion-dollar Bitcoin purchases recently.

Additionally, there is growing interest among government agencies to explore Bitcoin as part of their reserves.

On January 23, Trump signed an executive order to form a working group to investigate regulations surrounding a potential U.S. Bitcoin reserve strategy.

While MicroStrategy's recent pause may raise questions about future acquisitions, Saylor has indicated that the firm remains committed to its long-term strategy involving Bitcoin.

At the time of reporting, the Bitcoin (BTC) price was $100,780.