Michael Saylor’s Strategy did not purchase any Bitcoin last week, marking a significant decline in their buying activity. The company only made two acquisitions in July, totaling 10,445 BTC, which is a 39% drop from June. Their total Bitcoin holdings remain at 607,770 BTC, as reported in a filing with the US Securities and Exchange Commission. Despite Bitcoin’s price rise from around $118,000 to over $119,000 during the week, Strategy chose not to buy more BTC. This is the second week in July where no Bitcoin acquisitions were reported, following a similar pause in the first week. The company previously purchased 17,075 BTC in June and actively increased their holdings in earlier months with purchases of 26,695 BTC in May and 25,370 BTC in April. The recent slowdown coincides with Strategy’s official upsize of its equity offering, the Series A perpetual stretch preferred stock (STRC), to $2.521 billion. With the issuance set to settle on July 29, this funding initiative is part of Strategy’s approach to gradually acquire more Bitcoin.

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