The post Why MicroStrategy Slows Down Its Bitcoin Purchase? appeared first on Coinpedia Fintech News
Strategy, formerly known as (MicroStrategy), the biggest corporate holder of Bitcoin has been long known for buying huge amounts of BTC, leading the way for other companies to join the Bitcoin wave. But in the past few weeks, things have slowed down for Strategy.
Why is this happening? Is Strategy starting to lose money? Let’s dive in.
Recent Purchases Show a Slower Pace
According to K33’s Vetle Lunde, Strategy’s recent purchases are smaller than before. Between May 19 and May 25, the company bought 4,020 bitcoins for about $427 million.
They used money from selling new MSTR shares but raised only $348.7 million this time, much less than the $705.7 million they raised the week before.
Just a few months ago, they were raising over $2 billion each week to buy Bitcoin!
Why Is Strategy Slowing Down?
This slowdown has a few reasons. First, the price gap between M
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