Strategy, the largest publicly traded company holding Bitcoin as a treasury asset, disclosed in a regulatory filing that it made no cryptocurrency purchases during the week of March 23 to March 29. The company also reported that it did not sell any shares during that period. The filing was submitted on Monday to the US Securities and Exchange Commission. According to the company’s reported purchase history, this marks the first week without a Bitcoin buy since December 2024.
Strategy currently holds 762,099 BTC, valued at more than $51 billion at the time of the disclosure. The company typically finances its Bitcoin acquisitions through the sale of its common stock via an at-the-market offering program. However, the filing confirmed that neither share sales nor Bitcoin purchases took place during the reporting period. Executive Chairman Michael Saylor did not publicly offer a reason for the pause.
The company’s MSTR Class A shares, listed on the Nasdaq, have fallen more than 60% over the past six months, trading at $126.78 per share at the time of publication. The broader Bitcoin market has also faced headwinds, with the price of BTC declining more than 18% over the past 12 months to reach $67,197. These conditions have prompted several companies in the crypto space to reassess their accumulation strategies.
Saylor’s weekly posts on the X social media platform have been closely monitored by investors and analysts, as they have historically signaled new Bitcoin purchases by Strategy. The absence of such an announcement this week drew attention across the industry. The development comes as a number of firms are exploring alternative approaches to managing their digital asset holdings amid rising costs and declining prices.
Crypto mining company MARA Holdings offers one example of this shift, having sold 15,133 BTC for approximately $1.1 billion in March. In an SEC filing, MARA stated that the proceeds from the sale would be directed toward reducing its convertible debt obligations. The move signals a broader trend of companies prioritizing balance sheet management over continued accumulation.
Not all firms are pulling back, however. Canaan reported increasing its holdings of both Bitcoin and Ether while continuing to expand its mining operations in Texas. As of March 10, the company held 1,793 BTC and 3,952 ETH. Canaan’s approach stands in contrast to peers that are scaling back their exposure to digital assets during the current market downturn.
Originally reported by CoinTelegraph.
