MicroStrategy May Resume Bitcoin Purchases After Recent Pause

MicroStrategy reported to the U.S. Securities and Exchange Commission that it neither bought nor sold Bitcoin between September 8 and September 13, marking a second consecutive week of inactivity. The company’s holdings remained at roughly 845,050 BTC, valued at $63.73 billion based on an average purchase price of $75,412 per coin.

Recent Purchase History

The last disclosed acquisition was 4,603 BTC for $369.7 million, announced on August 31. That purchase ended a ten‑week buying pause.

Cash Allocation and Constraints

During the week ending September 13, MicroStrategy allocated $139.3 million to repurchase its preferred shares, leaving about $1.30 billion available for future Bitcoin purchases.

Michael Saylor’s Hint

In a tweet on September 20, Saylor posted a chart of the firm’s holdings with the caption “A little more orange,” a phrase he has used in prior purchase disclosures. The post has prompted speculation that the company may resume buying Bitcoin.

Broader Debate on Bitcoin’s Outlook

Angel investor Jason Calacanis recently described Bitcoin’s recent price movement as a “dead‑cat bounce,” suggesting the asset has become less compelling for payments and smart contracts. Saylor and ARK Invest founder Cathie Wood responded, emphasizing Bitcoin’s role as a store of value and its potential synergy with emerging technologies.