No New Bitcoin Buys: Strategy Pauses After $6.77B Accumulation

Strategy—formerly known as MicroStrategy and led by outspoken Bitcoin advocate Michael Saylor—made waves on Monday for not doing what it’s most known for: buying Bitcoin.

Between June 30 and July 6, the company did not acquire any new BTC, marking its first pause in purchases since March. The move temporarily halts an aggressive buying streak that pushed the firm’s total holdings to 597,325 BTC, currently worth around $64.71 billion.

Strategy’s Bitcoin Buying Frenzy Takes a Breather

From April 7 to June 29, Strategy purchased 69,140 Bitcoin at an average price of $97,906, totaling $6.77 billion in investments. As of now, those holdings are up 10.4%, valued at approximately $7.49 billion.

This pause comes as a surprise to many, given Strategy’s well-known appetite for accumulating Bitcoin and its growing influence as a Bitcoin proxy on Wall Street.

MSTR Stock Mirrors BTC Pullback

Strategy’s Nasdaq-listed stock, MSTR, slipped by 0.7% in early trading Monday—mirroring a 0.8% drop in Bitcoin prices. MSTR closed the day at $395.

Despite the correlation with Bitcoin’s volatility, MSTR stock has surged 38.5% in 2025, outperforming Bitcoin’s 16.1% gain and leaving the S&P 500’s 6.1% return far behind.

This tight correlation reaffirms the company’s positioning as a public proxy for Bitcoin exposure.

Strategy Plans $4.2B in Preferred Stock Sales

While BTC purchases paused, Strategy announced a sales agreement allowing it to issue up to $4.2 billion in 10% preferred stock, dubbed Series A Perpetual Stride Preferred Stock.

According to the company, funds raised from this issuance will go toward general corporate purposes, including potential future Bitcoin acquisitions and working capital.

The shares will be issued “in a disciplined manner,” with Strategy emphasizing flexibility based on market conditions, reinforcing its long-term commitment to increasing Bitcoin exposure.

No new common or preferred stock was issued last week, but the filing leaves room for future action.

Bitcoin Price Update

As of now, Bitcoin (BTC) is trading around $107,855, down 1.5% over the past 24 hours. The drop widens the gap between current levels and Bitcoin’s all-time high of $111,800 by 3.5%, following a failed breakout attempt past $110,000.

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