Strategy Paused Bitcoin Buys Last Week. It Bought the Crypto Aggressively Earlier This December. — Barrons.com
By Nate WolfStrategy, the world's largest corporate holder of Bitcoin, refrained from adding more of the cryptocurrency to its digital coffers last week, the company disclosed in a regulatory filing Monday.From Dec. 15 to Dec. 21, the company sold more than 4.5 million shares of common stock for net proceeds of $747.8 million. It didn't use the cash to scoop up more Bitcoin, however, snapping what was a three-week buying streak for the company.Strategy shares rose 1.5% to $167.35 on Monday, following Bitcoin upward. The flagship cryptocurrency has risen 1.5% over the last 24 hours to $89,465.Bitcoin has plummeted more than 30% since its October record high and stagnated around $90,000 a share for more than a month, leaving Strategy stock without any obvious catalysts for growth. Shares have declined 42% in 2025 even after a blockbuster start to the year. Barron's advised against owning the stock last December.Strategy aggressively bought the Bitcoin dip at the start of the month. The company picked up $1.9 billion worth of coins from Dec. 1 to Dec. 14, though the purchases did little to boost the stock.A pioneer in the so-called digital asset treasury space, Strategy now holds 671,268 Bitcoin at an average purchase price of $74,972. Those holdings are worth around $60 billion as of Monday.Write to Nate Wolf at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.