Michael Saylor’s Strategy did not acquire any Bitcoin last week. This is according to a filing with the US Securities and Exchange Commission. Meanwhile, Japanese investment company Metaplanet announced it acquired 780 Bitcoin. This brings its total holdings to more than 17,132 BTC. The company remains the only non-US firm among the top 10 corporate Bitcoin holders.

Metaplanet ranks below Trump Media & Technology Group and above Galaxy Digital Holdings, according to BitcoinTreasuries.NET. It has stated it may use its Bitcoin reserves to fund new business acquisitions. This could include a digital banking venture in Japan.

Market Volatility and Investor Activity

The pause by Strategy comes despite continued price swings in the market. Bitcoin experienced volatility last week. An early investor was also reported to have sold a large amount of the asset.

This is the second time in July that Strategy has paused its weekly Bitcoin purchases. The firm also skipped buying in the first week of the month. It had made two purchases in mid-July, but total acquisitions for the month fell compared to previous months.

You may find it interesting at FinanceMagnates.com: Why Is Bitcoin Going Up? Saylor Warns: “Only One Country Can Buy 20% of BTC”.

Stock Offering Expansion

The pause comes as the company expanded its Series A preferred stock offering, known as STRC. The size of the offering was raised to more than $2.5 billion. Strategy plans to close the deal later this week. Funds from STRC are expected to support further Bitcoin investments. In a recent social media post, Co-founder Saylor said the offering is part of the company’s broader Bitcoin strategy.

Source: Finance Magnates