MicroStrategy Slows Weekly Bitcoin Buying, Galaxy CEO Warns Supply Squeeze
MicroStrategy purchased $255M in Bitcoin over the past week, adding 3,273 BTC and bringing April’s total to $4.1B while funding these via common stock sales. Galaxy Digital’s CEO warns that Saylor’s sustained purchases (total 815,061 BTC held) risk outpacing available market supply.
1. Weekly Bitcoin Purchases
Over the seven days ended April 27, MicroStrategy acquired 3,273 BTC for $255 million, marking a sharp slowdown from the $3.5 billion spent in the prior two weeks. These recent purchases were funded via the sale of common stock, a shift from earlier reliance on perpetual preferred shares.
2. April Accumulation Trends
In April, MicroStrategy has spent roughly $4.1 billion on Bitcoin, the highest monthly total in a year, reflecting its aggressive accumulation strategy. Previously, most acquisitions were financed by the company’s STRC perpetual preferred securities, designed to limit common stock dilution.
3. Supply Squeeze Warning
Galaxy Digital’s CEO cautioned that institutional demand led by MicroStrategy’s ongoing buying could exceed available Bitcoin supply, potentially tightening market liquidity. With current holdings at 815,061 BTC (acquired for about $61.6 billion), Saylor’s strategy faces questions over market capacity to absorb further large-scale purchases.