Strategy, previously known as MicroStrategy, has paused its Bitcoin buying after a 12-week spree following an unrealized Q2 profit of $14.05 billion on its BTC investments.
The firm holds 597,325 BTC worth over $64 billion and has $18.1 billion in MSTR stock available for BTC purchases.
Strategy reported a deferred tax bill of $4.04 billion associated with its Q2 gains, pausing Bitcoin purchases after no acquisitions between June 30 and July 6.
The company's capital plan and preferred stock proceeds continue to fund BTC acquisitions, with the market witnessing a corporate Bitcoin acquisition trend.