MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that made bitcoin acquisition a key goal, hasn’t bought any of the cryptocurrency for two weeks.
- The Tysons Corner, Va.-based company held 125,051 bitcoins as of Feb. 14., it said in a statement Wednesday, that’s the same number it reported at the beginning of the month.
- CEO Michael Saylor has been slowing the pace of purchases. At the start of December the company bought more than 1,400 bitcoins in nine days, a rate of almost 160 a day. In January, it bought another 660, about 21 a day.
- Saylor has been insistent that the company has no plans to sell its bitcoin holdings and is invested the long term.
- MicroStrategy incurred $163 million in digital asset impairment losses during the first quarter of 2022 on bitcoin held as of the end of last year, it said.
UPDATE (Feb. 16, 11:43 UTC): Rewrites to reflect lack of purchases in February.
UPDATE (Feb. 16, 12:00 UTC): Adds impairment charge in final bullet point.