Michael Saylor, executive chairman of MicroStrategy, revealed that the company had deviated from its usual approach of selling common stock to fund Bitcoin acquisitions.
In a post on X dated Feb. 3, Saylor stated that as of Feb. 2, MicroStrategy was holding a total of 471,107 Bitcoin, which had been purchased for over $30 billion. He further noted that between Jan. 27 and Feb. 2, the firm refrained from selling any of its shares. This announcement came just a week after MicroStrategy disclosed that it had acquired over 10,000 BTC, a purchase valued at approximately $1 billion at the time.
This development ended a 12-week streak of continuous Bitcoin acquisitions by MicroStrategy, which began in the lead-up to the U.S. elections in November 2024. The firm initiated its Bitcoin accumulation strategy in August 2020, when it bought 21,454 BTC for $250 million, and has since grown into one of the largest institutional holders of Bitcoin in 2025.
Over the weekend, Bitcoin’s price briefly dropped below $100,000 following market reactions to U.S. President Donald Trump’s announcement of new tariffs on China, Mexico, and Canada, with additional tariffs potentially targeting the European Union. However, BTC rebounded to over $98,000 after Mexico’s President, Claudia Sheinbaum, reached a deal to postpone the tariffs by a month.
Other Companies Turning to Bitcoin as a Reserve Asset
A growing number of companies have followed MicroStrategy’s lead in adopting Bitcoin as a hedge against inflation. Despite this trend, MicroStrategy remains one of the most significant Bitcoin holders. In the past two months, healthcare firm Semler Scientific and streaming platform Rumble have made substantial Bitcoin investments, while crypto mining giant MARA reported holding 44,394 BTC as of Dec. 18.
Government institutions are also considering Bitcoin reserves. On Jan. 23, Trump signed an executive order establishing a working group to explore regulatory frameworks for a potential U.S. Bitcoin reserve strategy. Meanwhile, the Czech National Bank’s board voted in January to assess alternative asset classes for its reserves, though it did not explicitly mention Bitcoin.
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