MicroStrategy Pauses Bitcoin Buys After 13-Week Streak

MicroStrategy, the leading corporate holder of Bitcoin, paused its weekly cryptocurrency purchases for the first time in more than three months, ending a 13-week accumulation streak that began in late December. The company reported no new acquisitions during the week ended March 29, according to a filing with the Securities and Exchange Commission on Monday.

The halt left MicroStrategy's Bitcoin holdings steady at 762,099 coins, representing more than 3.6 percent of the cryptocurrency's fixed 21 million supply. The position was acquired at an average price of about $75,694 per Bitcoin, for a total cost of roughly $57.7 billion including fees and expenses. At current market prices near $67,700, the treasury is valued at approximately $51.6 billion, placing the company in an unrealized loss of around $6.1 billion. Officials emphasized that the pause involved no sales of Bitcoin or shares under the firm's at-the-market offering programs, signaling a temporary break rather than a shift in its long-term commitment to the asset as a treasury reserve.

This interruption marks a departure from MicroStrategy's consistent buying pattern, which had added nearly 91,000 Bitcoin to its balance...