Strategy Announces No New Bitcoin Purchases—But Here's Who Bought 755 BTC

Benzinga
2025.07.28 16:08
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Strategy Inc. (MSTR) did not make any new Bitcoin purchases last week, breaking its acquisition streak, despite speculation from Executive Chairman Michael Saylor's social media post. The company holds 607,770 BTC valued at approximately $43.61 billion. Meanwhile, Sequans Communications S.A. (SQNS) purchased 755 BTC for about $88.5 million, emphasizing its commitment to Bitcoin as a treasury reserve asset. Sequans now holds 3,072 BTC valued at $358.5 million, indicating a trend of non-crypto firms increasing Bitcoin exposure.

Strategy Inc. MSTR, known for its consistent Bitcoin BTC/USD accumulation streak, made no new Bitcoin purchases last week, according to a SEC Form 8-K filing.

What Happened: The company broke its pattern of weekly acquisitions, despite a social media post from Executive Chairman Michael Saylor that led many to anticipate another buy.

Saylor had referenced Strategy's inaugural Bitcoin acquisition from 2020—$250 million for 21,454 BTC at $11,654 each, fueling speculation of a new buy.

However, the post turned out to be a retrospective rather than a signal.

Strategy currently holds 607,770 BTC, acquired at an average price of $71,756, with the total portfolio now valued at approximately $43.61 billion, solidifying its position as the largest public corporate holder of Bitcoin.

Also Read: PayPal Rolls Out New Crypto Feature: Here’s Why You Should Care

Why It Matters: While Strategy hit pause, another player stepped in.

Sequans Communications S.A. SQNS, a cellular IoT semiconductor firm that has adopted Bitcoin as its primary treasury reserve asset, announced the purchase of 755 additional Bitcoin for approximately $88.5 million.

Disclosure: 82% of retail CFD accounts lose money

This follows an equity raise earlier in July, which funded the company's expanding Bitcoin strategy.

As of July 25, Sequans holds 3,072 BTC valued at $358.5 million, with an average acquisition cost of $116,690 per coin.

The company emphasized its long-term commitment to Bitcoin as a store of value and stated that future acquisitions may be funded by additional equity raises, operations, or IP monetization.

This puts Sequans among a growing group of non-crypto native firms using their balance sheets to build Bitcoin exposure, reminiscent of early moves by companies like Strategy in 2020.

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