By Tomi Kilgore
MicroStrategy has acquired more than 69,000 bitcoins since it last took a pause, to bring its total holdings to nearly 600,000 bitcoins
It is now bigger news when MicroStrategy Inc. doesn’t buy any bitcoin than when it does.
The self-proclaimed largest bitcoin treasury company, which is technically still a software company (MSTR), disclosed Monday that it didn’t acquire any bitcoin during the week of June 30 to July 6.
That’s the first week MicroStrategy, which is doing business as Strategy, didn’t acquire any bitcoin since the week of March 31 to April 6.
The stock slipped 2% on Monday, as the price of bitcoin (BTCUSD) declined about 1.5% over the past 24 hours.
From April 7 through June 29, MicroStrategy spent $6.77 billion to buy 69,140 bitcoins, at an average price of about $97,906 per bitcoin. At current prices, the value of those purchases has increased by 10.4% to $7.49 billion.
The company currently owns 597,325 bitcoins, which it purchased for $42.4 billion at an average price of $70,982 per bitcoin. That holding is currently worth $64.71 billion.
MicroStrategy also didn’t issue any common or preferred shares in the latest week to raise money for bitcoin purchases. But it did announce a sales agreement in which it may issue and sell shares of 10% preferred stock with a total offering price of up to $4.2 billion.
The company said it plans to use proceeds from the sales agreement for general corporate purposes, including bitcoin purchases.
MicroStrategy’s stock has soared 38.5% in 2025, while bitcoin has rallied 16.1% and the S&P 500 index SPX has tacked on 6.1%.
Separately, in the world of bitcoin treasury companies, Singapore-based developer of artificial-intelligence education Genius Group Ltd. (GNS) said it has increased its bitcoin treasury target by 10 times, to 10,000 bitcoins.
The company said it plans to use debt financing, issue convertible bonds and preferred shares, and use money made from its business to raise money for the bitcoin purchases.
Genius’s stock dropped about 7% on Monday. It has lost 6.5% so far this month after rocketing 331.8% in June.
-Tomi Kilgore
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07-07-25 2321ET
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