MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that made bitcoin acquisition a key goal, hasn't bought any of the cryptocurrency for two weeks.

The Tysons Corner, Va.-based company held 125,051 bitcoins as of Feb. 14., it said in a Securities and Exchange Commission filing Wednesday, the same amount it reported at the beginning of the month.
CEO Michael Saylor has been slowing the pace of purchases. At the start of December the company bought more than 1,400 bitcoins in nine days, a rate of almost 160 a day. In January, it bought another 660, about 21 a day.
Saylor has been insistent that the company has no plans to sell its bitcoin holdings and is invested for the long term.
MicroStrategy incurred $163 million in digital asset impairment losses during the first quarter of 2022 on bitcoin held as of the end of last year, it said.

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

00:57

What Do EigenLayer's Outflows of $2.3B Signal?

04:20

What Do TradFi Crypto Moves Mean for Decentralization?

02:02

Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking

00:53

Ether Slides as Grayscale's ETHE Outflows Ramp Up

UPDATE (Feb. 16, 11:43 UTC): Updates to reflect lack of purchases in February.

UPDATE (Feb. 16, 12:00 UTC): Adds impairment charge in final bullet point.

UPDATE (Feb. 16, 12:49 UTC): Changes sourcing to SEC filing in first bullet from company statement.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

MicroStrategy Hasn't Bought Any Bitcoins This Month

The company said it held 125,051 bitcoins as of Feb. 14, the same as at the beginning of the month.

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs