MSTR bitcoin pause: What is it? 

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MicroStrategy took a breather from its aggressive bitcoin buying spree — during a week that would end with a sizable downturn, no less. 

After the last US Presidential election, this company has been hoarding BTC since at least four years. 

Let’s first look at MSTR recent purchases:

Oct. 31-Nov. 10: Average of $74,463 BTC per BTC $74,463 per BTC)
Nov. 11-17: 52,780 BTC worth $4.6 billion (88,627)
Nov. 18-24: Buy 55,500 BTCs for $5,4 billion (97,862)
Nov. 25-Dec. 1: 15400 BTC at $1.5 Billion ($95,976)
Dec. 2-8: 21550 BTC worth $2.1 billion (98,783)
Dec. 9-15: The price of 15,350 BTC is $1.5 billion (100,386)
Dec. 16-22: 526 BTC = $561 Million ($106,662) 
Dec. 23-29: 2138 BTC = $209,000,000 ($97,837)
Dec. 30-Jan. 5: One BTC worth $101,004
Jan. 6-12: 2530 BTC at $243 Million ($95,972)
Jan. 13-20: 11000 BTC at $1.1 Billion ($101,191)
Jan. 21-26: 10107 BTC at $1.1 Billion ($105,596)
Jan. 27-Feb. 2: BTC 0 

The total BTC purchased since October 31 is: 216,887 BTC
BTC Total Spending $20.4 billion (average ~$93,200 per BTC)  

Saylor’s team purchased nearly one third of its BTC today in a month (October 31 – December 1). 

In all, MicroStrategy bought about 1% of the bitcoin supply in three months, and now owns 471,107 BTC — more than 2% of the total number of bitcoin that will ever exist.

Although some social media users saw the BTC buy-pause as bearish, two analysts see it differently. 

Mark Palmer, from Benchmark told me that it was likely due to the company’s desire to execute its first ever perpetual preferred stock. This deal, which is expected to be closed on Wednesday, would generate $563 million for the purchase of more BTC.

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TD Cowen’s Lance Vitanza suspects MicroStrategy was prohibited from buying while marketing this preferred stock — an offering he thinks will allow MSTR to ramp up BTC purchases.  

MicroStrategy has not responded to an immediate request for comment. 

Palmer, said “We fully expect the company to continue to aggressively lean into its bitcoin acquisition strategy during the balance of 2025.”

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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