Unexpected Statement from Bitcoin Bull Michael Saylor: “We’re Not Buying Bitcoin This Week”

Strategy Chairman Michael Saylor announced that the company will be temporarily suspending its long-running weekly Bitcoin purchase series.

In a brief statement on social media, Saylor said, “No buying this week. We’re back to work next week,” indicating that the regular buying strategy was only paused this week.

According to the company’s publicly available data, Strategy currently holds a total of 818,334 $BTC. The total cost of these assets is approximately $61.81 billion, with an average purchase price of $75,537. Current data shows that the total value of the company’s Bitcoin reserves has reached $64.42 billion. This indicates an unrealized gain of approximately 4.21%, or over $2.6 billion, in the company’s position.

Strategy’s buying activity in recent weeks has been remarkable. Having purchased 3,273 $BTC on April 27th, 34,164 $BTC on April 20th, and 13,927 $BTC on April 13th, the company pursued an aggressive accumulation strategy throughout April. Following these purchases, its total Bitcoin holdings gradually rose to 818,000 $BTC.

The company’s performance also presents a strong picture when compared to the market. During the selected period, Strategy shares rose 16.6%, outperforming a significant number of major technology companies and indices, while it is noteworthy that Bitcoin’s price lost approximately 11% of its value during the same period.

*This is not investment advice.