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MicroStrategy Skips Four Straight Weekly Bitcoin Purchases, Longest Pause in Two Years Before July 30 Earnings

Stocks Capital Flow

2026-07-27 07:05:56

BTC-0.09%

According to SEC filings, MicroStrategy has paused its Bitcoin purchases for four consecutive weeks through July 27, its longest buying pause in two years, ahead of its second-quarter earnings release on July 30. The company's last BTC purchase covered the week ending June 21, after which it sold 3,588 Bitcoin in two tranches between June 29 and July 5 for approximately $216 million to fund preferred stock dividends. MicroStrategy's pause stems from its stock's mNAV ratio—the premium of its share price over Bitcoin holdings—dropping to roughly 0.99 in late June, the first time it touched sub-parity. The metric recovered to about 1.03 by late July, but the company's Bitcoin holdings remain underwater against their purchase price, with management setting the breakeven closer to 1.22.

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In-Depth Analysis

Strategy’s longest-ever pause in buying Bitcoin over the past two years; sells 3,588 BTC to raise $216 million

Market Whisper11h ago

Gate Daily Report (July 27): Strategy skips Bitcoin purchases for the fourth time; CFTC warns that prediction market certification should not use template futures contracts

Market Whisper13h ago

Michael Saylor Posts Orange Dot Chart Signaling Potential Bitcoin Purchase

Crypto Frontier15h ago

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