Michael Saylor Halts Bitcoin Purchases: SEC Filing Reveals Pause

Michael Saylor’s investment firm, Strategy, refrained from acquiring any Bitcoin last week despite price fluctuations below $87,000. According to a U.S. Securities and Exchange Commission filing dated April 7, the company didn’t make any Bitcoin purchases between March 31 and April 6th. This move coincided with volatile trading conditions for Bitcoin, which saw a spike to $87,000 on April 2 before dropping back to around $80,000. Strategy also remained silent regarding selling its class A shares, used to fund Bitcoin purchases, as the filing indicates.