Software company MicroStrategy has stopped buying Bitcoin—for now, anyway.

The “Bitcoin treasury company” that now mainly securitizes the biggest cryptocurrency had been on a roll, snapping up huge amounts of the asset for 12 weeks straight.

But on Monday morning New York time, the firm’s co-founder and chairman Michael Saylor said on X, formerly Twitter, that the firm halted its buys last week.

“Last week, MicroStrategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any Bitcoin,” he wrote.

Still, the company holds 471,107 coins (worth $46.6 billion at the current Bitcoin price) and has spent $30.4 billion on buying the asset over the years.

The bulk of that buying has happened recently, though. Towards the end of last year and the beginning of 2025, MicroStrategy accelerated its Bitcoin buys, spending over $20 billion on the asset in 12 weeks.

Tysons, Virginia-based MicroStrategy last year announced a “21/21 Plan” to raise $42 billion to buy Bitcoin. The plan means the firm will raise $21 billion via equity, with another $21 billion coming by selling fixed income securities.

MicroStrategy used to mostly sell data analysis software, but now buys and holds Bitcoin. Investors, in turn, have been buying shares of MicroStrategy to get exposure to the orange coin without having to worry about storing it themselves.

Saylor said his company was struggling when COVID lockdowns hit the U.S. and the Fed lowered interest rates. He discovered Bitcoin and claimed it was the best way to store value and save shareholders’ money.

MicroStrategy stock has since soared. It was trading for $14.44 the day the company announced its first Bitcoin buy in August 2020 and it’s now trading for $332. That’s a 2,199% increase.

In December, MicroStrategy joined the Nasdaq-100, an index of the top 100 non-financial companies on the Nasdaq stock market, alongside tech titans like Apple and Microsoft.

The company last week announced it has finalized the price of its new stock, named STRK, which it will use to raise funds to amass even more Bitcoin for its treasury.

Edited by Stacy Elliott.

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