Strategy skipped Bitcoin buys last week amid new equity offering

Michael Saylor’s Strategy, the world’s largest nationalist holder of Bitcoin, reported nary Bitcoin buys past week contempt the plus seeing volatility aft breaking all-time highs successful mid-July.

Strategy’s Bitcoin (BTC) holdings remained unchanged astatine 607,770 BTC arsenic the institution opted not to bargain much BTC past week, according to a US Securities and Exchange Commission filing connected Monday.

The terms of Bitcoin climbed from astir $118,000 to much than $119,000 implicit the people of the week, contempt Strategy’s inactivity and a reported 80,000 BTC merchantability by an aboriginal investor connected Friday, according to information from CoinGecko.

An excerpt from Strategy’s Form 8-K. Source: SEC

The latest missed acquisition marks the 2nd clip successful July that Strategy has reported nary play BTC acquisitions, pursuing a similar lack of buys successful the archetypal week of the month.

Strategy BTC buys driblet 39% month-over-month

The latest intermission highlights a broader slowdown successful Strategy’s July buying activity. The institution reported 2 play Bitcoin acquisitions successful July: a 4,225 BTC purchase connected July 14 and another 6,220 BTC purchase connected July 21.

Its BTC buys successful July were down 39% from the 17,075 BTC purchased successful June.

Strategy’s Bitcoin buys since April 2025. Source: Strategy

The institution bought adjacent much Bitcoin successful the erstwhile months, reporting purchases of 26,695 BTC successful May and 25,370 BTC successful April.

Related: Strategy launches Bitcoin banal pegged astatine $100 to summation treasury

Prior to skipping the bargain successful the archetypal week of July, Strategy antecedently reported nary buys successful the archetypal week of April.

Strategy upsized STRC offering past week

The slowdown successful Strategy’s Bitcoin buying came arsenic the institution upsized its Series A perpetual agelong preferred banal (STRC) offering to $2.521 cardinal from an initially planned $500 million connected Friday.

With the STRC priced astatine $90, the issuance and merchantability are scheduled to settee connected Tuesday, taxable to customary closing conditions.

Source: Michael Saylor

Similar to 4 different Strategy offerings, including the Series A perpetual onslaught preferred stock (STRK), the caller STRC programme is an equity-raising mechanics designed to let the institution to gradually merchantability recently issued shares to bargain much Bitcoin.

On Wednesday, Strategy co-founder Saylor took to X to notation to STRC arsenic 1 of the 4 pillars of the “Bitcoin defence department.”

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