MicroStrategy Hasn't Bought Any Bitcoins This Month

The company said it held 125,051 bitcoins as of Feb. 14, the same as at the beginning of the month.

AccessTimeIconFeb 16, 2022 at 11:25 a.m. UTC
Updated May 11, 2023 at 5:55 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that made bitcoin acquisition a key goal, hasn't bought any of the cryptocurrency for two weeks.

  • The Tysons Corner, Va.-based company held 125,051 bitcoins as of Feb. 14., it said in a Securities and Exchange Commission filing Wednesday, the same amount it reported at the beginning of the month.
  • CEO Michael Saylor has been slowing the pace of purchases. At the start of December the company bought more than 1,400 bitcoins in nine days, a rate of almost 160 a day. In January, it bought another 660, about 21 a day.
  • Saylor has been insistent that the company has no plans to sell its bitcoin holdings and is invested for the long term.
  • MicroStrategy incurred $163 million in digital asset impairment losses during the first quarter of 2022 on bitcoin held as of the end of last year, it said.
  • What South Korea's Latest Election Means for Crypto Adoption in the Country
    00:38
    What South Korea's Latest Election Means for Crypto Adoption in the Country
  • Hong Kong Approving an Ether ETF Could Be a 'Surprise,' Analyst Says
    00:52
    Hong Kong Approving an Ether ETF Could Be a 'Surprise,' Analyst Says
  • What South Korea's Elections Mean for Crypto; The Potential for Spot BTC and ETH ETFs in Hong Kong
    19:02
    What South Korea's Elections Mean for Crypto; The Potential for Spot BTC and ETH ETFs in Hong Kong
  • Would You Get Paid in Crypto?
    00:57
    Would You Get Paid in Crypto?
  • UPDATE (Feb. 16, 11:43 UTC): Updates to reflect lack of purchases in February.

    UPDATE (Feb. 16, 12:00 UTC): Adds impairment charge in final bullet point.

    UPDATE (Feb. 16, 12:49 UTC): Changes sourcing to SEC filing in first bullet from company statement.


    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Sheldon Reback

    Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.