Strategy skipped Bitcoin buys last week amid new equity offering

Strategy skipped Bitcoin buys last week amid new equity offering

Michael Saylor’s Strategy did not purchase any Bitcoin last week, reporting just two acquisitions in July totaling 10,445 BTC, a 39% drop from June.

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, reported no Bitcoin buys last week despite the asset seeing volatility after breaking all-time highs in mid-July.

Strategy’s Bitcoin (BTC) holdings remained unchanged at 607,770 BTC as the company opted not to buy more BTC last week, according to a US Securities and Exchange Commission filing on Monday.

The price of Bitcoin climbed from about $118,000 to more than $119,000 over the course of the week, despite Strategy’s inactivity and a reported 80,000 BTC sale by an early investor on Friday, according to data from CoinGecko.

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