Strategy pauses Bitcoin purchases amid record holdings

Strategy (NASDAQ: MSTR) paused its Bitcoin (BTC) acquisitions between June 30 and July 6, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC). The company continues to hold 597,325 BTC, valued at $65 billion, with an average purchase price of $70,982 per BTC. The pause marks the first break in its Bitcoin buying since April. Strategy’s portfolio has grown to show unrealized gains of $22.6 billion and the firm is using preferred stock sales to fund future acquisitions, The Block reported.