Strategy Paused Bitcoin Buys Last Week. It Bought the Crypto Aggressively Earlier This December.

The company formerly known as MicroStrategy snapped a three-week Bitcoin buying streak. (Courtesy MicroStrategy)

Key Points

• Strategy sold over 4.5 million shares of common stock last week for $747.8 million but didn’t purchase Bitcoin last week.
• Strategy holds 671,268 Bitcoin at an average price of $74,972, with current holdings valued at about $60 billion.
• Bitcoin has declined over 30% since its October record high and has been stable around $90,000 for over a month.

Strategy , the world’s largest corporate holder of Bitcoin , refrained from adding more of the cryptocurrency to its digital coffers last week, the company disclosed in a regulatory filing Monday.

From Dec. 15 to Dec. 21, the company sold more than 4.5 million shares of common stock for net proceeds of $747.8 million. It didn’t use the cash to scoop up more Bitcoin, however, snapping what was a three-week buying streak for the company.

Strategy shares rose 1.5% to $167.35 on Monday, following Bitcoin upward. The flagship cryptocurrency has risen 1.5% over the last 24 hours to $89,465.

Bitcoin has plummeted more than 30% since its October record high and stagnated around $90,000 a share for more than a month, leaving Strategy stock without any obvious catalysts for growth. Shares have declined 42% in 2025 even after a blockbuster start to the year. Barron’s advised against owning the stock last December.

Strategy aggressively bought the Bitcoin dip at the start of the month. The company picked up $1.9 billion worth of coins from Dec. 1 to Dec. 14, though the purchases did little to boost the stock.

A pioneer in the so-called digital asset treasury space, Strategy now holds 671,268 Bitcoin at an average purchase price of $74,972. Those holdings are worth around $60 billion as of Monday.

Write to Nate Wolf at nate.wolf@barrons.com