MicroStrategy Buys $370 Million in Bitcoin After Two-Month Pause
Michael Saylor's firm resumed its crypto purchases last week, putting $370 million into bitcoin after a two-month lull.
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Key takeaways
- MicroStrategy acquired $370 million worth of bitcoin last week.
- The purchase breaks a roughly two-month pause in additions to its balance sheet.
- The move signals that the company's aggressive accumulation strategy remains intact.
MicroStrategy has restarted its bitcoin balance sheet expansion. The Michael Saylor-led firm poured $370 million into BTC last week, snapping an accumulation drought that stretched back roughly two months.
The Buying Spree Resumes
Before last week, the company was sitting quiet. For about eight weeks, MicroStrategy made zero bitcoin purchases. That brief lull vanished instantly when they deployed $370 million in a single week.
Why it matters
Traders pay attention when MicroStrategy stops buying. That two-month pause had some market observers questioning whether the firm was pumping the brakes on its corporate treasury strategy. Putting $370 million to work in seven days sends a clear signal: Saylor's playbook hasn't shifted an inch.
Source: CoinDesk
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