Michael Saylor, CEO, known for his Bitcoin strategy of Microstrategy, signed a decision that surprised investors. The company stopped uninterrupted BTC purchase for weeks and did not sell shares. This unexpected move was a matter of curiosity how Microstrategy held in the hands of 478.740 BTC while creating question marks in the markets.
Why did Microstrategy stop Bitcoin purchases?
Microstrategy announced last week that it did not make any Bitcoin purchases. The company also suspended its share sales. This decision was particularly remarkable, especially when Microstrategy had continuous BTC purchase in 13 of the last 14 weeks.
The last Bitcoin purchase of the company was an investment of 7,633 BTCs, and $ 742 million was spent for this process. This was the first BTC purchase after Microstrategy’s re -branding under the name of “Strategy”. However, this week’s pause decision increased uncertainties about how the company will make a move in the future.
Decrease in Microstrategy shares! Are investors anxious?
The company’s suspension of Bitcoin intake was reflected in the stock market shares. According to Nasdaq data, Microstrategy shares (MSTR) experienced a decrease on the first day of the week. The shares are currently traded at $ 336. The future of MSTR shares, which has gained 16 %since the New Year, is curiously followed.
On the other hand, the investment giant JP Morgan received a $ 100 million MSTR share in recent weeks, the light of hope for investors. Analyst Ali Martinez states that Microstrategy shares are preparing for a 52 %breaking movement.
Is the strategy changing? Microstrategy’s Future
The current situation of the company gives critical signals for Bitcoin and stock investors. Is there a strategy change, or is this just a temporary pause? Microstrategy continues to be the largest corporate Bitcoin investor in the market with 478,740 BTC. However, the fact that he stopped BTC purchases this week and did not sell shares increased speculation for the future moves of the company.
Especially as the Bitcoin price continued to fluctuate, it was a matter of curiosity whether Microstrategy’s long -term investment strategy would change. Although Michael Saylor’s commitment to Bitcoin is known, it may be possible to adopt different strategies in the future, given the company’s current financial situation, market conditions and potential regulation risks. In addition, Fed’s interest policies and global economic uncertainties may also cause Microstrategy to create a new investment plan.
