For the first time in 13 weeks, the biggest public Bitcoin treasury company skipped a weekly purchase of the cryptocurrency without any word from Michael Saylor.
Strategy, the largest public Bitcoin (BTC) treasury company, reported no additional purchases of the cryptocurrency last week as many entities are pivoting into alternative methods for revenue.
In a Monday filing with the US Securities and Exchange Commission (SEC), Michael Saylor-led Strategy reported that it did not purchase any Bitcoin between March 23 and March 29, nor did the company sell any shares. Strategy reported holding 762,099 BTC as of Sunday, worth more than $51 billion at the time of publication.
Typically, Strategy funds its BTC purchases through the sale of its common stock. However, the company reported it “did not sell any shares under its at-the-market offering program and did not purchase any Bitcoin.”
