Strategy Might Have Paused Bitcoin Accumulation Last Week

Core Viewpoint - Strategy (MSTR), the largest publicly traded company holding bitcoin, did not increase its bitcoin holdings last week, marking the end of a six-week purchasing streak [1][2]. Group 1: Company Holdings and Performance - MSTR currently holds 649,870 bitcoin with an average cost basis of $74,433 per coin [2]. - The company's stock is trading approximately 70% below its all-time high, with a multiple to net asset value (mNAV) just above 1, the lowest level in the current cycle [2]. - Shares of MSTR rose by 1.5% early Monday, coinciding with a slight increase in bitcoin's price to $86,200 [3]. Group 2: Market Context and Concerns - The pause in bitcoin purchases comes amid concerns regarding MSTR's potential exclusion from major equity indexes, which has drawn significant attention from the company's Executive Chairman, Michael Saylor [2]. - Market speculation about the MSCI decision could impact MSTR's standing in top equity indices [4].