Strategy, formerly known as MicroStrategy, confirmed that it did not purchase additional Bitcoin or sell shares of its Class A common stock under its at-the-market equity offering program last week. As of March 2, 2025, the company holds 499,096 BTC, acquired at an aggregate cost of approximately $33.1 billion, with an average purchase price of $66,357 per Bitcoin.
In the first two months of 2025 alone, the company has reported gains of $2.6 billion from its Bitcoin investments, reflecting the company’s strategic focus on accumulating the digital asset.
Bitcoin’s Downturn
This follows a significant downturn in the market where Bitcoin’s price dropped below the $79,000 mark. Despite these fluctuations, the company’s commitment to holding its Bitcoin remains firm; Saylor has previously emphasized that the company would continue to buy more Bitcoin even during adverse conditions.
The decision not to sell any shares of Class A common stock under its all-the-market equity offering program during this period indicates a cautious approach amid market uncertainty.
Concerns Regarding Strategy’s Stocks
Analysts have expressed concerns regarding the company’s financial health as its stock has faced significant pressure, dropping over 55% since the start of 2025. However, experts believe that a forced liquidation of Bitcoin holdings is unlikely unless prices remain significantly below the company’s average purchase price for an extended period.
As institutional demand for Bitcoin continues to grow, MicroStrategy’s strategy could serve as a benchmark for other companies planning similar investments. The company’s future performance will be closely monitored as it navigates the challenges and opportunities presented by the evolving cryptocurrency space.
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