Strategy, formerly known as MicroStrategy, a prominent Bitcoin proxy firm co-founded by Bitcoin enthusiast Michael Saylor, has once again captured attention this Monday. However, this time it is not due to its usual Bitcoin acquisitions, but rather its notable lack of purchases between June 30 and July 6. This marks the first instance since late March that the largest corporate holder of Bitcoin has refrained from adding to its substantial treasury, which currently boasts 597,325 BTC valued at around $64.71 billion.
The pause in Bitcoin acquisitions is unexpected, especially considering Strategy's aggressive purchasing strategy in recent months. These acquisitions have positioned the company close to controlling nearly 3% of the total Bitcoin supply. Between April 7 and June 29, Strategy invested $6.77 billion to acquire 69,140 BTC, averaging approximately $97,906 per coin. As of now, these investments have appreciated by 10.4%, bringing their total value to about $7.49 billion.
In trading news, Strategy's stock (ticker symbol MSTR), listed on Nasdaq, experienced a slight decline of 0.7% during morning trading, mirroring a 0.8% drop in Bitcoin prices. As of this report, MSTR closed at $395, illustrating the strong correlation between the company’s stock performance and the volatility of the cryptocurrency market. Notably, MSTR has seen a significant increase of 38.5% in 2025, significantly surpassing Bitcoin's rise of 16.1% and the S&P 500's modest gain of 6.1%.
In addition to the halt in Bitcoin purchases, Strategy did not issue any new common or preferred shares during the specified week. However, the company has announced a sales agreement allowing it to potentially issue and sell up to $4.2 billion in 10% preferred stock. According to a press release issued by the Bitcoin proxy firm, the proceeds from this agreement are intended for general corporate purposes, including future BTC acquisitions and working capital needs.
The new preferred stock, designated as Series A Perpetual Stride Preferred Stock, will be sold in a "disciplined manner," taking market conditions into account. This approach underscores the firm’s ongoing commitment to enhancing its Bitcoin holdings, even as it temporarily pauses direct purchases. As of the latest update, Bitcoin is trading at $107,855, reflecting a 1.5% decline in the past 24 hours and widening the gap from its record price by 3.5%. This follows a recent unsuccessful attempt to breach the significant resistance level of $110,000 and establish a new all-time high beyond the current record of $111,800.
