Michael Saylor, the company’s executive chairman, confirmed that Strategy paused its Bitcoin purchases last week, breaking its usual pattern. However, he quickly reassured investors that the company remains committed to acquiring more BTC. A few hours after his statement, Strategy announced the $2 billion offering, signaling its next move in the crypto market.
This approach isn’t new for Strategy. The company has repeatedly raised capital through stock sales to fuel its Bitcoin purchases. Last month, it completed a similar offering. It has also sold shares to major investors, including BlackRock, which now holds a 5% stake in the firm.
Despite Bitcoin’s price fluctuations in recent weeks, Strategy remains focused on accumulating more. BTC is currently consolidating below $100,000, which could present a buying opportunity. Meanwhile, Strategy’s stock (MSTR) has dropped nearly 15% over the past month.
Saylor has dismissed concerns about the company’s ability to continue this strategy. So far, there are no signs of trouble, and Strategy appears determined to maintain its Bitcoin-first approach. With another major investment on the horizon, the company is doubling down on its long-term bet on BTC.
