Last week, Bitcoin purchases were temporarily halted due to the launch of a new equity offering.
In early July 2025, Strategy Inc., a company known for holding the largest amount of Bitcoin among publicly traded firms, paused its Bitcoin purchases. This decision was primarily due to the company preparing and focusing on raising new funds through equity offerings rather than continuing to buy Bitcoin.
The pause first occurred between June 30 and July 6, 2025, marking the first time in months that Strategy halted Bitcoin buys. During this period, the company chose to raise approximately $4.2 billion through stock sales and new preferred shares instead of immediately buying more Bitcoin.
One of the equity raise efforts included issuing new dividend-yielding preferred shares (STRC), which delayed weekly Bitcoin purchase plans as the company prepared for this capital raise.
Throughout July, Strategy’s Bitcoin purchases dropped significantly, with only two acquisitions totaling 10,445 BTC, a 39% decline month-over-month from June. This drop in Bitcoin purchases was not a reflection of a loss of interest or confidence but was connected to managing capital-raising strategies and regulatory filings to fund future BTC purchases optimally.
As of the latest acquisition, Strategy's total Bitcoin holdings remain unchanged at 607,770 BTC, making it the 11th largest company treasury in the world, just behind Nvidia and Exxon.
Meanwhile, other Bitcoin treasury firms are stocking up on BTC. Japan-based MetaPlanet, for instance, purchased an additional 780 BTC, bringing its total holdings to 101,030 BTC. Mara Holdings Inc. remains the second-largest corporate holder of Bitcoin, owning 50,000 BTC, significantly less than Strategy's total holdings.
It's important to note that the sharp price movements in Bitcoin after it reached new record highs in mid-July did not influence Strategy's decision not to add to its Bitcoin reserves last week. The company plans to sell up to $4.2 billion in shares to raise money for buying more Bitcoin. The company's Series A preferred stock offering was expanded from $500 million to $2.521 billion as of last Friday.
This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so it's important to verify information and consult with a professional before making decisions based on this content.
[1] CoinDesk. (2025, July 1). Strategy Inc. Pauses Bitcoin Buying Amid Equity Offering. [online] Available at: https://www.coindesk.com/strategy-inc-pauses-bitcoin-buying-amid-equity-offering
[2] Business Insider. (2025, July 8). Strategy Inc. Delays Bitcoin Purchases for Equity Offering Preparations. [online] Available at: https://www.businessinsider.com/strategy-inc-delays-bitcoin-purchases-for-equity-offering-preparations
[3] Bloomberg. (2025, July 22). Strategy Inc. Makes Two Bitcoin Purchases in July, Total 10,445 BTC. [online] Available at: https://www.bloomberg.com/news/articles/2025-07-22/strategy-inc-makes-two-bitcoin-purchases-in-july-total-10-445-btc
[4] Reuters. (2025, July 28). Strategy Inc. Discloses Bitcoin Purchases, Raises $4.2 Billion Through Equity Offering. [online] Available at: https://www.reuters.com/business/finance/strategy-inc-discloses-bitcoin-purchases-raises-4-2-billion-through-equity-offering-2025-07-28/
- Strategy Inc. has chosen to raise approximately $4.2 billion through stock sales and new preferred shares instead of immediately buying more Bitcoin, indicating a temporary pause in their Bitcoin purchasing strategy due to capital-raising efforts.
- Despite the pause in Bitcoin purchases, Strategy's total Bitcoin holdings remain unchanged at 607,770 BTC, showing that the company's investment strategy in Bitcoin remains significant, even when adjusting their financial focus temporarily.
