MicroStrategy, formerly known as MicroStrategy, has reversed its decision to buy Bitcoin this week, according to sources within the company.
Cancellation of Bitcoin Purchase
This week, MicroStrategy has opted not to add to its Bitcoin reserve, with undisclosed reasons for the decision. However, the firm, led by Michael Saylor, intends to raise additional funds for Bitcoin purchases later in April.
Previous Purchase Data
Earlier this week, it was reported that MicroStrategy planned to buy Bitcoin again, marking its third consecutive week of increasing its BTC treasury. On March 31, the company announced the acquisition of 22,048 Bitcoin for approximately $1.92 billion, securing the purchase at an average price of $86,969 per Bitcoin.
Plans of Other Companies
Meanwhile, MARA Holdings, the world's largest Bitcoin mining company, currently holds 46,374 Bitcoin and plans to expand its holdings by raising $2 billion through a stock offering. They have partnered with investment firms such as Barclays Capital to fund further Bitcoin acquisitions.
Thus, despite the cancellation of the planned Bitcoin purchase, MicroStrategy continues to seek opportunities for expanding its cryptocurrency assets, while other companies, like MARA Holdings, are also strengthening their positions in the Bitcoin market.
