Strategy, the public company that holds Bitcoin the most in its portfolio, did not make any new purchases last week. The company had continued to buy bitcoin for nearly thirteen weeks in a row since the end of last December.
Unexpected pause in the buying streak
Strategy Chairman Michael Saylor normally posts on social media on Sundays, pointing to upcoming bitcoin purchases. When the purchase took place, he announced the company’s new bitcoin position with a detailed statement on Monday morning. However, this week, the traditional “Orange Dot” post did not take place on Sunday.
This time, instead of giving a new buying signal, Michael Saylor gave information about Stretch (STRC), which the company highlights as a continuous security issue. Sharing something outside the purchasing cycle that the public is accustomed to attracted the attention of investors.
The company, which bought bitcoin regularly every week for about three months, added a total of 90,831 bitcoins to its portfolio during this period. After these purchases, the weekly cycle was disrupted for the first time.
Current portfolio status and price environment
According to the company’s current data, Virginia-based Strategy’s total bitcoin assets are 762,099 units. These crypto assets of the company were obtained at an average cost of $ 75,694 per token.
Both the company’s market cap and the bitcoin price are trending below their respective peaks, despite a significant uptrend. The market performance of Strategy shares remains approximately 76 percent behind its all-time high.
On the other hand, the price of bitcoin is below $67,000. This is seen as an important threshold in terms of the company’s current portfolio valuation and new investment decision.
Progress updates and bulk purchasing moves, which were regularly shared in previous purchasing periods, were closely followed in investment circles. This week’s unexpected pause may point to another priority.
While Strategy has been frequently on the agenda with its aggressive bitcoin purchasing strategy in the past period, this week’s break reveals the need to closely monitor the company’s purchasing policy and financial plans in the coming weeks.
