Why Has Michael Saylor’s ‘Strategy’ Not Purchased Any Bitcoin Over the Past Month?
- Strategy has not added Bitcoin since its 520 BTC purchase on June 22.
- The company raised hundreds of millions through stock sales while holding cash.
- Peter Schiff criticized the falling Bitcoin yield linked to Strategy shares.
Michael Saylor’s strategy has gone more than a month without purchasing Bitcoin, marking its longest buying pause since 2024. The company’s last acquisition came on June 22, when it added 520 BTC at an average price of $67,068 per coin.
The pause comes as Strategy builds its cash position through stock sales instead of adding more Bitcoin to its treasury. The company raised hundreds of millions of dollars from share offerings while maintaining its existing Bitcoin holdings of about 843,775 BTC.
Meanwhile, investor attention has increased after Peter Schiff questioned the impact of Strategy’s recent moves on its Bitcoin yield. Schiff …
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