MicroStrategy’s Bitcoin Dilemma: Did They Just Forget to Buy?

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So, here we are. MicroStrategy, the company that’s been buying Bitcoin like it’s going out of style, suddenly decides to take a break. I mean, what’s the deal with that? They’ve been on a buying spree since November, and now? Nothing! Zip! Zilch! Between January 27 and February 2, 2025, they didn’t buy a single Bitcoin. It’s like they went to the grocery store and forgot their wallet. 🛒💸

Now, let’s talk numbers. They’ve got about 471,107 BTC, which they bought for around $30.4 billion. That’s a lot of dough! And yet, they just sat there while Bitcoin was testing that $91K support level. I mean, come on! It’s like watching a dog chase its tail and then just giving up. 🐶

Michael Saylor, the co-founder, is all about the long game. He’s like, “We’re in this for the long haul.” Sure, Michael, but how about a little action in the short term? You know, just to keep things interesting? 🤔

— Michael Saylor⚡️ (@saylor) February 3, 2025

And what’s this about their Series A Perpetual Strike Preferred Stock? They’re pricing it at $80 a share. Sounds fancy, right? But let’s be real, it’s just a way to keep the lights on while they figure out their next move. They’re well-funded, thanks to some big players like Capital Group and Norway’s Central Bank. But still, no Bitcoin purchases? It’s like having a full fridge and deciding to order takeout. 🍕

MicroStrategy Fails to Buy Bitcoin Dip

They’ve been the poster child for Bitcoin support, but now they’re just sitting on their hands while the market corrects itself. Bitcoin was flirting with a new all-time high, and they just watched. It’s like being at a party and not dancing when your favorite song comes on. What’s wrong with you, MicroStrategy? 💃

But hey, they’ve got a long-term plan. They’re trying to protect their balance sheet from the big, bad macroeconomic wolves out there. Good luck with that! 🐺

Market Picture

MicroStrategy is now a big player, valued at about $84 billion. They’ve influenced a bunch of other companies to jump on the Bitcoin bandwagon. Metaplanet Inc. is trying to accumulate 10k BTCs by the end of 2025. It’s like a Bitcoin gold rush, and MicroStrategy is just sitting there with a map and a confused look on their face. 🗺️

According to the latest data, around 3.03 million Bitcoins are held by 156 different companies and governments. The big boys are in, and MicroStrategy is just… well, they’re just watching. What a time to be alive! 🎉

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2025-02-03 21:31