MicroStrategy Hasn't Bought Any Bitcoins This Month

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.

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