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MicroStrategy Halts Bitcoin Purchases Amid Market Crash

MicroStrategy Halts Bitcoin Purchases Amid Market Crash

CointimeCointime2025/04/07 19:00
By:Cointime

This represents a significant change for the company, which has consistently increased its Bitcoin reserves through stock sales and capital raises. The decision comes at a time when the overall market is experiencing a downturn, largely impacted by President Donald Trump's recent tariffs. Pause in Bitcoin PurchasesBetween March 31 and April 6, MicroStrategy did not make any Bitcoin purchases, a noticeable deviation from its usual buying behavior. In previous weeks, the company had made substantial Bitcoin acquisitions, such as 22,048 BTC for $1.92 billion just last week, one of its largest purchases to date. MicroStrategy's recent investments in Bitcoin have been substantial, with the company acquiring 80,715 BTC in Q1 2025 alone, costing $7.66 billion, at an average price of $94,922 per Bitcoin. Currently, MicroStrategy holds 528,185 BTC, representing an investment of $35.63 billion, at an average price of $67,458 per coin. As the market reacts to the broader economic conditions, especially amidst the ongoing tariff disputes, MicroStrategy's future actions could have a ripple effect on the cryptocurrency market, especially if the company chooses to decrease its Bitcoin holdings. The article titled "Strategy Halts Bitcoin Purchases Amid Market Crash" was originally published on Coindoo.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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