MicroStrategy ends weekly bitcoin buying streak, keeps total holdings at 471,107 BTC

Business intelligence firm and corporate bitcoin holder MicroStrategy has ended its latest bitcoin buying streak after twelve consecutive weeks of acquisitions.

The firm did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin between Jan. 27 and Feb. 2, according to an 8-K filing with the Securities and Exchange Commission on Monday.

As of Jan. 26, the company said it had approximately $4.35 billion billion worth of shares that remained available for sale as part of its “21/21 plan” targeting a total capital raise of $42 billion in equity offerings and fixed-income securities for bitcoin acquisitions.

On Friday, MicroStrategy also saw strong demand for its additional preferred stock plan, raising $563.4 million to fuel more bitcoin purchases. Despite the recent Trump tariff-fueled sell off, Mizuho Securities believes the price of bitcoin has room to run another 30% in the next three years, rating MicroStrategy as outperform with a price target of $511 as it is on an “accelerated track” to exceed its capital raise targets.

$20 billion acquisition streak

MicroStrategy's latest announcement ends a 12-week streak of acquisitions following news last Monday that it had purchased another 10,107 BTC for roughly $1.1 billion in cash at an average estimated price of $105,596 per coin and $1.1 billion worth of bitcoin the week before.

MicroStrategy has acquired around $20 billion worth of bitcoin over the past few months alone, and its $84.1 billion market cap trades at a significant premium to its bitcoin net asset value, with some investors airing reservations about the firm's premium to NAV valuation and its equity and debt-funded bitcoin acquisition program in general.

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MicroStrategy shares closed down 1.6% at $334.79 on Friday, having gained more than 567% over the past year, according to TradingView. MSTR is currently trading down 7.3% in pre-market trading on Monday.