MicroStrategy reported no Bitcoin purchases last week, maintaining its total holdings at 607,770 BTC amid ongoing market price fluctuations.
The company acquired only 10,445 Bitcoin throughout July, representing a 39% decline from the 17,075 BTC purchased in June. This drop coincides with Bitcoin’s price movement from approximately $118,000 to above $119,000 during the observed period, influencing MicroStrategy’s purchase timing.
Simultaneously, MicroStrategy expanded its Series A perpetual stretch preferred stock offering, increasing the funding ceiling from $500 million to $2.521 billion. The company’s overall Bitcoin reserves remain unchanged, reflecting its commitment to long-term accumulation despite adjusting its acquisition cadence.