Strategy Pauses Bitcoin Buying After 13-Week Streak — Is the Market Shifting?
Strategy (formerly MicroStrategy), the world’s largest corporate bitcoin holder, appears to have stopped buying BTC for the first time since late December — breaking a remarkable 13-week purchasing streak that accumulated over 90,000 bitcoin.
Key Facts
- Strategy holds 762,099 BTC at an average cost of $75,694 per bitcoin
- The company acquired 90,831 BTC over 13 consecutive weekly purchases since late December
- Executive Chairman Michael Saylor typically posts an “Orange Dot” on X each Sunday to signal purchases — there was none this week
- Instead, Saylor posted about the company’s perpetual preferred equity offering (STRC)
- Strategy stock (MSTR) is trading approximately 76% below its all-time high
- Bitcoin is currently trading below $67,000, well below Strategy’s average acquisition price
- Bullish long positions on Bitfinex have hit a 28-month high — historically a contrary indicator that has preceded sell-offs
What This Means for You
Strategy’s buying pause is a significant signal for the broader crypto market. When the biggest corporate buyer steps back, it can reduce buying pressure and affect price momentum. For everyday investors, this is a reminder that even the most bullish institutional players adjust their strategy based on market conditions.
The fact that MSTR is trading 76% off its highs while bitcoin sits below Strategy’s own average cost basis ($75,694) shows that even well-capitalized institutions face unrealized losses. This doesn’t mean bitcoin is dead — but it does reinforce the importance of position sizing and risk management.
The record-high bullish bets on Bitfinex are worth watching: historically, extreme long positioning has preceded price corrections. If you’re considering adding to crypto positions, waiting for clearer signals may be prudent rather than following the crowd into crowded trades.
Sources
Sources: CoinDesk | CoinDesk (Bitfinex) | BBC Business
