Strategy Pauses Bitcoin Purchases After $14 Billion Quarterly Gains
2025/07/07 23:55- Strategy holds 597.325 BTC, valued at $65 billion
- Company Pauses Bitcoin Acquisitions for First Time in 3 Months
- Unrealized gains of $14 billion in digital assets
Strategy, formerly known as MicroStrategy, has halted its bitcoin buying streak from June 30 to July 6. It’s the first pause since early April, according to a filing with the SEC. Executive Michael Saylor commented on X: “In a few weeks, you just have to HODL.”
Some weeks you just need to HODL. pic.twitter.com/rVcFQkFoG0
— Michael Saylor (@saylor) July 6, 2025
The company currently holds a total of 597.325 BTC under custody, valued at over $65 billion. The assets were purchased at an average price of $70.982 per unit, totaling around $42,4 billion including fees. This represents around 2,8% of the total bitcoin supply, with unrealized gains estimated at $22,6 billion.
The company has been financing its acquisitions through equity sale programs, including its MSTR common stock and its STRK, STRF and STRD perpetual preferred stock. In the second quarter, these issuances generated $6,8 billion in net proceeds. Each class of stock has distinct characteristics, including fixed dividends of up to 10% per year.
Strategy continues to operate under its “42/42” plan, which aims to raise $84 billion in capital by 2027. The program replaces the previous “21/21” plan, which has been exhausted. As of July 6, $18,1 billion in MSTR shares, $20,5 billion in STRK shares and $1,9 billion in STRF shares were still available for new issuance.
The pause coincided with the release of its second-quarter results, in which the company revealed unrealized gains of $14,05 billion in bitcoin. On the other hand, a deferred tax expense of $4,04 billion was recorded. The book value of digital assets at the end of June was $64,36 billion, with an associated tax liability of $6,31 billion.
During the quarter, Strategy also entered into a credit agreement worth up to US$31,1 million, with the possibility of installment withdrawals for new investments in capital assets, reinforcing its long-term strategy with bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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