Strategy, formerly known as MicroStrategy, has paused its weekly Bitcoin acquisitions. This development comes ahead of the company’s earnings report scheduled for July 31. Meanwhile, the company’s stock (MSTR) has increased by nearly 2% since last week.

Strategy Reports No Bitcoin Purchase in Latest SEC Filing

According to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), Strategy did not purchase any Bitcoin in the past week. The company’s total Bitcoin holdings remain at 607,770 BTC, acquired for $43.61 billion at an average price of $71,756 per coin.

This pause follows two weeks of consecutive Bitcoin acquisitions. It also came a day after Michael Saylor posted the company’s portfolio tracker on X. His caption, “It all began with a quarter billion in bitcoin,” referred to Strategy’s initial BTC investment in August 2020. That first purchase totaled 21,454 BTC, worth $250 million at the time.

It all began with a quarter billion in bitcoin. pic.twitter.com/Ssbef084YQ

— Michael Saylor (@saylor) July 27, 2025

Despite no purchase this week, the company maintains its commitment to acquiring Bitcoin. It is currently executing a $2.5 billion Stretch (STRC) preferred stock offering, expected to conclude by July 29.

Stock Performance and Market Response to the Strategy’s Pause

TradingView data shows that MSTR stock has rebounded after last week’s close. As of the latest data, MSTR is trading at approximately $413, up from a previous close of $405. This increase follows the news that the company reported a $14 billion unrealized gain on its Bitcoin holdings in the second quarter.

This valuation surge came during Bitcoin’s price rally in May, which pushed the asset to an all-time high of $111,900. While no new Bitcoin purchases were confirmed, investors seem to be responding positively to Strategy’s financial position and ongoing capital-raising strategy.

Bitcoin-Backed IPO Model Continues to Evolve

Strategy is also pushing a new financing model through Bitcoin-backed IPOs. The firm disclosed it has raised $4.8 billion through these offerings in 2025. The capital was raised across multiple tranches.

In January, Strategy secured $584 million via its STRK offering. This was followed by a $723 million raise in March through the STRF offering. Another $1 billion was raised in June with the STRD issuance. Now, the company aims to complete the $2.5 billion STRC round before its upcoming earnings call.

Strategy continues to blend corporate finance with Bitcoin as a reserve asset. The upcoming earnings report is expected to provide further insight into its treasury strategy and capital allocation.