Michael Saylor Hints at Next Bitcoin Buy Despite MicroStrategy’s Sharp Slowdown

Core Insights - MicroStrategy, the largest corporate Bitcoin holder, is experiencing a significant slowdown in its Bitcoin acquisitions, dropping from tens of thousands of BTC per week to approximately 200 BTC recently [2][3][5] - Despite the reduced buying pace, the company's executive chairman, Michael Saylor, hints at potential future large-scale purchases, indicating that Bitcoin remains central to the company's treasury strategy [8][9] Acquisition Trends - The company's Bitcoin purchases peaked at over 10,000 BTC in a single week, with a record high of 55,500 BTC, but have now dwindled to levels seen five years ago [4][5] - In 2025, MicroStrategy has invested around $19.5 billion in Bitcoin, following a total of $21.7 billion in 2024, maintaining its position as a leading institutional accumulator [9][10] Financial Context - The equity issuance premium for MicroStrategy has decreased dramatically from 208% to 4%, making new stock offerings less effective for raising capital for Bitcoin purchases [5][6] - The company's stock price has fallen approximately 50% from its peak, while Bitcoin is trading about 16% below its all-time high of $126,000, currently around $111,000 [7]